GOLD CLIMBS ON WEAKNESS IN EQUITIES, SOFTER RUPEE

At the MCX, Gold futures for Aug 2019 contract was trading at Rs 33321.00 per 10 gms, up by 1.10 %, after opening at Rs 32980.00 per 10 gms , against a previous close of Rs. 32959.00 per 10 gms. It touched the intra-day low of Rs 32980.00 per 10 gms and high of Rs 33344.00 per 10 gms.

Gold prices climbed in futures trade on Friday in the light of positive global trend while a softer rupee and weakness in riskier equities strengthened the demand of the safe-haven metal. Silver also advanced on a hike demand by industrial units and coin makers at spot markets.

MCXCOMDEX opened with flat note at 3547.80 and traded up by 0.50 per cent at 3566.05. Commodities like

Cardamom, Silver, Nickel, Gold, Natural Gas, CPO, Cotton, Zinc were stood as top gainers, gained by 3.97%, 1.48%, 1.29%, 1.10%, 0.61%, 0.32%, 0.19%, 0.12% respectively. On the other hand,

Mentha oil, Aluminium, Lead, Copper, Crude oil stood as only loser, lose by 1.72%, 0.56%, 0.23%, 0.15%, 0.08% respectively.

The BSE Sensex lose 289.29 points or 0.73% to 39452.07, and the NSE Nifty ended with a loss of 90.75 point or 0.76% to 11823.30.