GOLD CLIMBS ON POSITIVE GLOBAL SENTIMENT

At the MCX, Gold futures for Aug 2019 contract was trading at Rs. 34322.00 per 10 gms, up by 0.43 %, after opening at Rs. 34484.00 per 10 gms, against a previous close of Rs. 34175.00 per 10 gms. It touched the intra-day low of Rs. 34182.00 per 10 gms and high of Rs. 34484.00 per 10 gms.

Gold prices in India recovered today after falling sharply over two days. Gold prices climbed in futures trade on Friday, taking support from positive global sentiment, while weakness in the equity market boosted the appeal of gold as a safe-haven asset.

MCXCOMDEX opened with positive note at 3710.13 and traded up by 0.07% at 3704.79 over previous close at 3702.20. Commodities like Cardamom, Zinc, Gold, Crude oil, Aluminium were stood as top gainers, gained by 4.00%, 0.55%, 0.43%, 0.15%, 0.03% respectively. On the other hand, Mentha oil, Copper, Natural Gas, Nickel, Lead, Cotton, Silver, CPO futures were stood as top losers, lose by 0.80%, 0.69%, 0.68%, 0.36%, 0.35%, 0.28%, 0.07%, 0.06% respectively .Mentha oil Future stood as the top loser in commodity market .

Benchmark indices erased their early gains to close Friday's session lower, dragged down by metal stocks.BSE Sensex settled 191.77 points, or 0.48 per cent, lower at 39394.64. The broader Nifty50 was down 52.70 points, or 0.45 per cent, to 11788.85.