This week in the commodity market, precious metals like Gold closed with loss but too limited and Silver raised its rate and Crude Oil price falling down since one and off month.
GOLD 10 g” (99.9 Pure)
In the consequent third week Gold December futures contract closed with the loss but flat because of America Fed Reserve interest rates increase indications.
- Last week Gold December futures contract closed at ₹ 31,016 with an aggregate loss of ₹ 734 only
- This week Gold futures contract opens at ₹ 31,100 on Monday
- Highest gain ₹ 186 on Friday and highest loss ₹ 232 on Tuesday
- The last trading day of the week Gold December futures contract closed at ₹ 31,007 with an aggregate loss of ₹ 9 only.
SILVER (1 KG)
- Since last 5 weeks Silver prices fallen but this week Silver recouped with some gains but limited.
- Last week Silver December futures contract closed at ₹ 36,880 with an aggregate loss of
₹ 1,740 only - This week Silver futures contract opens at ₹ 37,010 on Monday
- Highest gain ₹ 300 on Friday and highest loss on ₹ 310 on Tuesday
- The last trading day of the week Silver December futures contract closed at ₹ 36,991 with an aggregate gain of ₹ 111 only
CRUDE OIL (1 BBL)
Since one and off month crude oil prices coming down even though OPEC countries cut in production decision ahead in December, this crude oil slightly rose on Monday because of Saudi Arabia’s cut in production of crude oil
- Last week Crude Oil November futures contract closed at ₹ 4,362 with an aggregate loss of
₹ 247 only. - This week Crude Oil futures contract opens at ₹ 4,424 on Monday
- Highest gain ₹ 41 on Monday and highest loss on ₹ 300 on Tuesday
- The last trading day of the week Crude Oil November futures contract closed at ₹ 4,054 with an aggregate loss of ₹ 308 and overall November futures contract also closed on 16th November 2018.
