GOLD FUTURES TARDED ON NEGATIVE NOTE

At the MCX, Gold futures for Jun 2019 contract was trading at Rs 31940.00 per 10 gms, down by 0.11 %, after opening at Rs 31981.00 per 10 gms , against a previous close of Rs. 31976.00 per 10 gms. It touched the intra-day low of Rs 31880.00 per 10 gms and high of Rs 32021.00 per 10 gms.

Gold prices traded with negative notes in future trade today, supported by the weakness of Indian rupee against the dollar and pressured by a rise in riskier equities. In the global markets, gold fell on a firmer dollar and increased investor appetite for riskier assets due to strong US data and corporate results.

On the other hand, crude oil prices rose on Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruption.

MCXCOMDEX opened with positive notes at 3751.69 and traded up by 0.33 per cent at 3757.78. Commodities like Cardamom, Mentha oil, Crude oil, Cotton, Natural Gas, CPO futures were stood as top gainers, gained by 2.35%, 1.07%, 0.66%, 0.57%, 0.38%, 0.04% respectively. On the other hand, Lead, Zinc, Nickel, Copper, Aluminium, Silver, Gold futures were stood as top losers, lose by 0.66%, 0.55%, 0.50%, 0.49%, 0.43%,0.41%, 0.11% respectively.

The BSE Sensex gained 537.29 points or 1.44% to 37930.77, and the NSE Nifty ended with a gain of 150.05 point or 1.33% to 11407.15.