COMDEX TRADE MARGINALLY LOWER ON GLOBAL CUES; GOLD DOWN BY 0.69%, CRUDE FALL 1.14%

At the MCX, Gold futures for Aug 2019 contract was trading at Rs. 34151.00 per 10 gms, down by 0.69 %, after opening at Rs. 34333.00 per 10 gms, against a previous close of Rs. 34387.00 per 10 gms. It touched the intra-day low of Rs. 34080.00 per 10 gms and high of Rs. 34333.00 per 10 gms.

Gold declined in futures trade on Thursday on a fall in demand by jewellers at spot markets. In global markets, gold prices were little changed following a steep fall in the previous session, as investors waited on any Sino-US trade developments later this week, while bulls rolled back hopes of big US interest rate cuts. Silver also fell on reduced order by industrial units and coin makers.

Oil prices fell on Thursday to erase some of the previous session’s strong gains, as traders wait for the G20 summit in Japan and for a meeting of OPEC and other crude producers to decide on an extension of output cuts.

MCXCOMDEX opened with negative note at 3712.88 and traded down by 0.66% at 3689.81. Commodities like Cardamom, Nickel were stood as top gainers, gained by 0.75%, 0.39% respectively. On the other hand, Zinc, Crude oil, Copper, Cotton, Aluminium, Gold, CPO, Silver, Lead, Mentha oil, Natural Gas futures were stood as top losers, lose by 1.31%, 1.14%, 0.93%, 0.87%, 0.79%, 0.69%, 0.58%, 0.57%, 0.48%, 0.43%, 0.31% respectively .Cardamom Future stood as the top loser in commodity market .

Equity Market ended on flat note on the last day of the June F&O series in the volatile session. BSE Sensex settled 5.67 points, or 0.01 per cent, lower at 39586.41. The broader Nifty50 was down 6.00 points, or 0.05 per cent, to 11841.55.