CRUDE OIL FUTURES PLUNGED ON SPOT DEMAND

At the MCX, Crude Oil futures for Sep contract was trading at Rs. 3012.00 per barrel, down by 0.40% after opening at Rs.3035.00 per barrel, against a previous close of Rs. 3024.00 per barrel. It touched an intra-day low of Rs. 3002.00 per barrel and high of Rs. 3042.00 per barrel in the future market.

Crude Oil prices drifted lower on Friday as producers prepared to resume operations in the Gulf of Mexico and data showed Saudi Arabian exports rose from record lows.

Gold prices rose on Friday en route to a second straight weekly gain on a subdued dollar as weak U.S. jobs data dented hopes of an economic recovery.

Silver prices on Friday rose 0.41% to Rs 68,420 per kg in the futures trade as participants widened their bets on firm spot demand.

Zinc prices on Friday rose 0.59% to Rs 196.45 per kg in the futures trade tracking a firm trend in the physical market on the back of a pick-up in spot demand.

On Multi Commodity Exchange, Commodities like CPO, Zinc, Silver, Gold, GoldM, MCX Bulldex, Lead , Gold Guinea, Copper, Aluminium, Gold Petal futures were the gainers, gained by 1.30%, 0.59%, 0.41%, 0.33%, 0.33%, 0.31%, 0.30%, 0.27%,0.24%,0.21%, 021% respectively. On other hand, Natural Gas, Mentha Oil ,Crude Oil, Nickel, Cotton were the losers, lose by 2.65%, 0.87%, 0.40%, 0.38%,0.06% respectively.