GOLD, SILVER FUTURES DOWN ON LOW DEMAND

At the MCX, Gold futures for Aug 2019 contract was trading at Rs 32505.00 per 10 gms, down by 0.47 %, after opening at Rs 32692.00 per 10 gms , against a previous close of Rs. 32660.00 per 10 gms. It touched the intra-day low of Rs 32486.00 per 10 gms and high of Rs 32705.00 per 10 gms.

God prices traded in positive note in morning session, supported by a rise in demand by jewelers at spot markets. Gold edged lower for a second day Tuesday as investors shook off trade worries, with appetite for riskier assets boosted by additional efforts by China to stoke its economy. Silver also weakened by 0.14% to Rs 36533 per kg due to reduced offtake by industrial units and coin makers.

MCXCOMDEX opened with positive note at 3555.86 and traded up by 0.24% at 3562.76. Commodities like Nickel, Mentha oil, Zinc, Copper, Cardamom, Cotton, Lead, Aluminium, Natural Gas, were stood as top gainers, gained by 1.94%, 1.38%, 1.35%, 0.82%, 0.60%, 0.47%, 0.42%, 0.31%, 0.18% respectively. On the other hand, Gold, Crude oil, Silver, CPO futures were stood as top losers, lose 0.47%, 0.35%, 0.14%, 0.04%respectively.

NSE Nifty 50 ended 0.36% per cent or 42.90 points higher at 11965.60 and Sensex rose 0.42 % or 165.94 points to 39950.46. Gains in the metal and bank segment helped the indices to end higher.