GOLD RECORDS SHARP GAINS ON WEAKNESS IN EQUITIES, RUPEE'S FALL

At the MCX, Gold futures for Aug 2019 contract was trading at Rs. 36990.00 per 10 gms, up by 1.98 %, after opening at Rs. 36650.00 per 10 gms , against a previous close of Rs. 36271.00 per 10 gms. It touched the intra-day low of Rs. 36630.00 per 10 gms and high of Rs. 37077.00 per 10 gms.

Gold traded with strong gains in Monday's session, buoyed by a sharp selloff in equities and rupee's steep fall against the US dollar. Positive global sentiment also gave a leg up to gold prices.

Base metal commodities were traded up on today. Nickel Aug future stood as the top gainer among the commodities. Aluminium, Lead, Copper, Zinc were also rise on spot demand.

Crude oil has quite volatile in trading session. It traded down in the morning sessions as crude oil prices fell in global markets amid renewed global economic growth concerns but turned positive in afternoon session in the domestic market.

Cardamom prices traded at upper circuit amid continued concerns over a sharp drop in production in 2019-20.

MCXCOMDEX opened with positive note at 3742.62 and traded up by 1.18% at 3779.29. Commodities like Cardamom, Nickel, Silver, Gold, CPO, Lead, Copper, Aluminium, Crude oil, Zinc were stood as top gainers, gained by 4.00%, 3.86%, 2.54%, 1.98%, 1.56%, 0.76%, 0.70%, 0.68%, 0.39%, 0.32% respectively. On the other hand, Cotton ,Natural gas, Mentha oil futures were stood as top losers, lose by 2.73%, 1.01%, 0.86% respectively.

At close, the Nifty was down 134.75 points or 1.23% at 10862.60 while Sensex was down 418.38 points or 1.13% at 36699.84 dragged by selling across public sector banks and metal counters.