This week in the commodity market Gold, Silver and Crude Oil futures contracts closed with gains and losses. The gold December futures contract traded in gains, Silver and Crude Oil futures contracts closed with losses as follows
GOLD 10 g” (99.9 Pure)
- In the commodity market last week Gold December futures contract closed at ₹31,846 with an aggregate gain of ₹756
- In the current week Gold futures contract opens at ₹31,900 on Monday i.e. 15th Oct. 2018
- Gold highest gain ₹220 on 15th Oct. 2018
- Gold highest loss ₹198 on 16th Oct. 2018
- Week last day i.e. Friday Gold closed at ₹31,902 with the aggregate gain of ₹56
SILVER (1 KG)
- In the commodity market last week Silver December futures contract closed at ₹38,918 with the loss of ₹356
- In current week Silver futures contract opens at ₹39,050 on Monday i.e.15th Oct 2018
- Silver highest gain ₹235 on 15th Oct. 2018
- Silver highest loss ₹289 on 16th Oct. 2018
- Week last day i.e. Friday Silver closed at ₹38,796 with the aggregate loss of ₹122
CRUDE OIL (1 BBL)
The Organization of the Petroleum Exporting Countries (OPEC) expecting 40 percent more demand only from India by 2040 because India is a growing with regular development in the economy and OPEC Secretary General Mr. Mohammed Sansui guaranteed that OPEC is ready to meet the requirement. Even a 26 percent increase in prices till to date in 2018, good demand received from India. Present Demand – Supply requirement is balancing regularly and projected that 2019 demand may increase and for these 11 lakh crores dollars needs to invest in the sector.
- In the commodity market last week Crude oil October futures contract closed at ₹5,243 with the aggregate gain of ₹303 and next week November contract will begin.
- In current week Crude future October contract opens at ₹5,290 on Monday i.e., 15th Oct. 2018
- Crude oil highest gain ₹30 on 15th Oct. 2018
- Crude oil highest loss ₹148 on 17th Oct. 2018
- Week last day i.e. Friday, Crude Oil closed at ₹5,076 with the aggregate loss of ₹167
