CRUDE OIL SURGED ON FALLING US DOLLAR

At the MCX, Crude oil futures for Sep contract was trading at Rs. 3148.00 per barrel, up by 0.10%, after opening at Rs.3159.00 per barrel, against a previous close of Rs. 3145.00 per barrel. It touched an intra-day low of Rs. 3134.00 per barrel and high of Rs. 3159.00 per barrel in the future market.

Crude Oil prices recovered on Tuesday as investors moved into risk assets and away from the safe-haven U.S. dollar which tumbled to multi-year lows.

Silver prices rose to Rs 71417.00 per kg on September 1 as participants increased their long positions as seen by the open interest.

Gold rose above Rs 31938.00 per 10 gm on September 1 in Indian markets following positive trend in the international prices that were holding steady near a two-week high on as a weaker dollar.

Zinc prices on Tuesday rose 1.20% to Rs 198.40 per kg in futures trade tracking a firm trend in physical markets on the back of pick-up in spot demand.

On Multi Commodity Exchange, Commodities like Natural Gas, Silver, Nickel, Zinc, MCXBulldex, Lead, Gold, Gold Petal, Gold Guinea, GoldM, Mentha Oil, Aluminium, Cotton, CPO, Crude Oil, Copper futures were the gainers, gained by 1.57%, 1.39%, 1.22%, 1.20%, 0.76%, 0.55%, 0.46%, 0.44%, 0.43%, 0.41%, 0.38%, 0.24%, 0.23%, 0.21%, 0.10%, 0.01% respectively.