GOLD PRICES ROSE HIGHER TRACKING THE GLOBAL TRENDS IN PRECIOUS METALS

At the MCX, Gold futures for Sep contract was trading at Rs. 50824.00 per 10 gms, up by 0.16%, after opening at Rs.50865.00per 10 gms, against a previous close of Rs. 50742.00 per 10 gms. It touched an intra-day low of Rs. 50707.00 per 10gms and high of Rs.50997.00 per 10 gms in the future market.

Gold prices rose on Friday, as U.S. Treasury yields fell and a pullback in global equities bolstered demand for the safe-haven metal ahead of the U.S. non-farm payrolls report.

Silver prices rose to Rs 67243.00 per kg on September 4 as participants increased their long positions.

Nickel prices on Friday rose by 0.63 per cent to Rs 1116.90 per kg in futures trade as speculators built fresh positions on rising demand from alloy makers in spot market.

Copper prices on Friday rose by 0.51 per cent to Rs 517.70 per kg in futures trade on pick-up in spot demand.

On Multi Commodity Exchange, Commodities like Natural Gas, Nickel, Copper ,Silver, MCX Bulldex ,Lead, GoldM, Gold Guinea, Gold Petal ,Gold, Crude Oil, CPO futures were the gainers, gained by 1.87%, 0.63%, 0.51%, 0.47%, 0.28%, 0.26%,0.19%, 0.18%, 0.17%, 0.16%,0.10%,0.04% respectively. While Commodities like Mentha Oil, Cotton, Zinc, Aluminium were the losers with a loss of 1.30%, 0.62%, 0.18%, 0.07% respectively.