India is not an exception for US pressures

India is negotiating with the US for exemptions from extended sanction to maintain its current level of crude oil imports from Iran, but the country is also under pressure from the US administration to halt all crude purchases from Venezuela. India has reduced crude oil purchases from Iran since the US administration-imposed sanctions on Iran, but India is seeking an extension of exemptions granted earlier to maintain its current lower level of 1.25-million tons a month crude purchase from the Persian Gulf nation. The US had slapped fresh sanctions against Iran in November after pulling out of the six-nation agreement with Iran. Extended sanctions were applied to countries continuing to have transactions with Iran, but India was among the countries offered a temporary reprieve from such extended sanctions. This extension is slated to expire in May and by implication India will have to completely stop buying Iranian crude thereafter, unless granted an exemption in the meantime.

This week commodity market Gold, Silver and Crude Oil futures contracts closed with gains as follows:

GOLD 10 g” (99.9 Pure)

In the commodity market last week Gold April 2019 futures contract closed at ₹31,826 with the aggregate loss of ₹341 only.
This week Gold April futures contract opens at ₹31,750 on Monday
Gold highest gain ₹321 on Friday
Gold highest loss ₹263 on Wednesday
Week last day i.e. Friday Gold closed at ₹31,826 with the aggregate gain of ₹314 only.

SILVER (1 KG)

In the commodity market last week Silver May 2019 futures contract closed at ₹38,087 with an aggregate loss of ₹641 only.
This week Silver May futures contract opens at ₹38,000 on Monday
Silver highest gain ₹348 on Tuesday.
Silver highest loss ₹285 on Wednesday
Week last day i.e. Friday Silver closed at ₹38,362 with the aggregate gain of ₹275 only.

CRUDE OIL (1 BBL)

In the commodity market last week Crude Oil March 2019 futures contract closed at ₹4,049 on 19^th March 2019 and April futures contract will be continued as follows.
This week Crude futures April contract opens at ₹ 4,053 on Monday
Crude Oil highest gain ₹70 on Wednesday
Crude Oil highest loss ₹71 on Friday.
Week last day i.e. Friday Crude Oil closed at ₹4,075 with the aggregate loss of ₹2 (4,075-4,073) (April futures Contract) only