GOLD PRICES EXTENDED GAINS AFTER HITTING ONE-MONTH LOW LAST WEEK.

At the MCX, Gold futures for Oct 2019 contract was trading at Rs. 37871.00 per 10 gms, up by 0.46 %, after opening at Rs. 37800.00 per 10 gms , against a previous close of Rs. 37697.00 per 10 gms. It touched the intra-day low of Rs. 37731.00 per 10 gms and high of Rs. 37950.00 per 10 gms.

Gold prices traded higher in the futures trade on Monday amid rising geo-political tensions between Iran and Saudi Arabia. Higher global prices and volatile rupee also helped lift domestic gold prices.

MCXCOMDEX opened with positive note at 4003.06 but traded down by 0.32% at 3989.22 in afternoon session. Commodities like Silver, Nickel, Gold were stood as top gainers, gained by 2.38%, 0.68%, 0.46% respectively. On the other hand, Mentha oil, Crude oil, Natural Gas, Cotton, CPO, Copper, Lead, Aluminium, Zinc futures were stood as top losers, lose by 1.99%, 1.51%, 1.28%, 0.86%, 0.78%, 0.74%, 0.39%, 0.36%, 0.22% respectively.

Domestic stock markets registered sharp gains on Monday, extending a rally after the government announced its decision cut the corporate tax rates to a second straight day. At close, BSE Sensex index rose 1075.41 points - or 2.83 per cent to 39,090. NSE Nifty climbed to as high as 11,694.85, up 420.65 points - or 3.73 per cent from the previous close. Gains across sectors except IT and pharma - led by banking, auto and consumer goods shares - pushed the markets higher.