GOLD PRICES FALL TODAY BUT SILVER RATES RISE

At the MCX, Gold futures for Oct 2019 contract was trading at Rs. 39418.00 per 10 gms, down by 0.66 %, after opening at Rs. 39651.00 per 10 gms , against a previous close of Rs. 39680.00 per 10 gms. It touched the intra-day low of Rs. 39358.00 per 10 gms and high of Rs. 39770.00 per 10 gms.

Gold eased on Wednesday as traders locked in gains after a 1% rise in the previous session, but prices stayed near multi-year highs on heightened fears of a global recession, as well as uncertainties around the Sino-U.S. trade spat and Brexit. Gold prices fell today after hitting a new high but silver prices continue to rise in India.

Oil prices rose on Wednesday, boosted by a wider market pickup on positive news from China's services sector, after three days of losses on lingering fears about a weakening global economy.

MCXCOMDEX opened with negative note at 3962.60 and traded up by 0.48% at 3981.01.Commodities like Cardamom, Crude oil, Copper, Zinc, Silver, Nickel, Mentha oil, Aluminium, Lead were stood as top gainers, gained by 3.42%, 1.93%, 1.14%, 0.99%, 0.56%, 0.50%, 0.48%, 0.32%, 0.26% respectively. On the other hand, Gold, Cotton, CPO futures were stood as top losers, lose by 0.66%, 0.21%, 0.16% respectively.

Equity Market closed higher on September 4, supported by gains in shares of bank and finance heavyweights. The market remained volatile during the session as investors remained cautious in the weak macroeconomic environment. However, improved global cues and rupee's fresh rise against the US dollar offered some relief. Sensex was up 161.83 points or 0.44 % at 36724.74 and Nifty was up 46.75 points or 0.43% at 10844.65.