BULLION REBOUNDS ON FALL IN EQUITIES, RUPEE'S WEAKNESS

At the MCX, Gold futures for Oct 2019 contract was trading at Rs. 37110.00 per 10 gms, up by 0.53 %, after opening at Rs. 37003.00 per 10 gms , against a previous close of Rs 36913.00 per 10 gms. It touched the intra-day low of Rs. 36771.00 per 10 gms and high of Rs. 37148.00 per 10 gms.

Continuing yesterday's downtrend, Gold prices in futures opened with weak note amid uncertainty over US- China trade deal. Gold traded positive note in afternoon trading session as strong sell off in equities made investors rush to safe haven assets.

MCXCOMDEX opened with negative note at 3849.51 and traded up by 0.32% at 3861.79. Commodities like Cardamom, Silver, Gold, Nickel, Crude oil, Aluminium, CPO were stood as top gainers, gained by 4.00%, 1.22%, 0.53%, 0.51%, 0.44%, 0.15%, 0.11% respectively. On the other hand, Cotton, Mentha oil, Copper, Zinc, Natural Gas, Lead futures were stood as top losers, lose by 1.11%, 0.95%, 0.67%, 0.43%, 0.18%, 0.03%respectively.

The Sensex closed 361.92 points or 0.94% lower at close at 38305.41 while Nifty shed 1.00% or 114.55 points to close at 11359.90 on Tuesday due to an across-the-board sell-off as financial sector woes, auto sales slump and weak macro data.