GOLD ON A SHAKY PITCH AMID LOWER SPOT DEMAND

At the MCX, Gold futures for Jun 2019 contract was trading at Rs 32113.00 per 10 gms, down by 0.45 %, after opening at Rs 32162.00 per 10 gms , against a previous close of Rs. 32259.00 per 10 gms. It touched the intra-day low of Rs 32082.00 per 10 gms and high of Rs 32309.00 per 10 gms.

Gold prices were volatile in futures trade on Thursday as an uptick in rupee offset support from the positive global trend.

Crude oil prices rose on Thursday for the third day in a row as fears of supply disruptions amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories

MCXCOMDEX opened with positive notes at 3734.17 and traded up by 0.35 per cent at 3734.01. Commodities like Cardamom, Mentha oil, CPO, Lead, Cotton, Crude oil, Nickel, Aluminium, Copper, Zinc, futures were stood as top gainers, gained by 3.92%, 0.76%, 0.75%, 0.67%, 0.43%, 0.27%, 0.18%, 0.17%, 0.16%, 0.05% respectively. On the other hand, Natural Gas, Gold, Silver futures were stood as top losers, lose by 0.71%, 0.45%, 0.26% respectively.

The BSE Sensex gained 278.60 points or 0.75% to 39054.68, and the NSE Nifty ended with a gain of 100.10 point or 0.90% to 11257.10.