India has flagged the rising crude oil prices to Saudi Arabia and sought keeping it at reasonable levels. Minister of Petroleum & Natural Gas and Steel, Dharmendra Pradhan had a telephonic conversation with Khalid Al-Falih, Minister of Energy, Industry & Mineral Resources, Saudi Arabia for the same. Pradhan, referring to the developments, conveyed his concern on rising crude oil prices and reiterated the sensitivity of Indian consumers to prevailing crude oil price volatility. The Ministers also discussed about Saudi interests in India’s energy sector to further bolster bilateral ties. Pradhan also reviewed the progress of Saudi investments in India’s Refining and Petrochemical Sectors.
This week Crude oil July futures contract closed with profits and Gold August futures contract also closed with profile while Silver July futures contract ended in losses.
GOLD 10 g” (99.9 Pure)
- In the commodity market last week Gold Aug’ 2019 futures contract closed at ₹34,167 with an aggregate gain of ₹1,122 only.
- This week Gold Aug’ future contract opens at ₹34,290 on Monday.
- Gold Highest gain ₹274 on Monday.
- Gold Highest loss ₹ 212 on Thursday.
- Week last day i.e. Friday Gold closed at ₹34,206 with the aggregate gain of ₹39 only.
SILVER (1 KG)
- Last week Silver July 2019 futures contract closed at ₹37,954 with an aggregate gain of ₹919 only.
- In current week Silver July futures contract opens at ₹38,099 on Monday.
- Silver highest gain ₹121 on Monday.
- Silver highest loss ₹320 on Thursday.
- Week last day i.e. Friday Silver closed at ₹37,452 with the aggregate loss of ₹502 only.
CRUDE OIL (1 BBL)
- Last week Crude oil July 2019 futures contract closed at ₹4,017 with an aggregate gain of
₹307 only. - This week Crude Oil futures July contract opens at ₹4,040 on Monday.
- Crude Oil highest gain ₹93 on Wednesday.
- Crude Oil Highest loss ₹24 on Monday.
- Week last day i.e. Friday Crude Oil closed at ₹4,095 with an aggregate gain of ₹77 only.
