Gold-silver futures rebound on weekly basis: Crude retreat continues

On the country's leading commodity derivatives exchange MCX, various commodity futures, options and index futures had a total turnover of Rs 1,8,6.5 crore in 12,7,8 deals during the week of August 15-16. The precious metals index was up 3 points in August by bulls and the non-ferrous metals index was up 3 points in August.

Among the precious metals, gold and silver traded in a total volume of Rs 2,8,85 crore in 2,19,091 deals. Among gold futures, gold October futures opened at Rs 2.3 per 10 grams at the beginning of the week, went up to Rs 3,50 during intra-day and down to Rs 2,615 during the week, rising by Rs 305 to Rs 3,17 at the end of the week. Was closed. Against this, the Gold-Guinea August contract rose by Rs 5 per gram to Rs 2,605 and the Gold-Petal August contract by Rs 3 per gram to close at Rs 4.5. Gold-mini September futures opened at Rs 4,600 per 10 grams, up Rs 5 and closed at Rs 3,115. Among silver futures, silver for September delivery rose by Rs 4 per kg at the beginning of the week to Rs 2,05 during the week and up to Rs 31,50 at the intra-day low, rising by Rs 4 to close at Rs 4,17 at the end of the week. Silver-micro August contracts rose by Rs 3 to Rs 4.5 and silver-mini-August contracts by Rs 3 to close at Rs 4.5.

Non-ferrous metals traded at Rs 4,609.50 crore in 1,3,8 deals. Aluminum August contract fell by Rs 2.50 per kg to Rs 303.5 and zinc August contract by Rs 2.50 to close at Rs 5 per kg. Against this, the copper August contract fell by Rs 4.5 to Rs 2.50 and the nickel August contract fell by Rs 4.5 to Rs 1,2.50 and the lead August contract fell by Rs 0.8 to close at Rs 19. Was.

In the energy segment, there was a total turnover of Rs 21,606.5 crore in 2,3,208 deals. Crude oil August futures opened at Rs 3,103 at the beginning of the week, going up to Rs 3,15 and intra-day during the week to a low of Rs 3,15 and a low of Rs 205 per barrel at the end of the week. , While natural gas August futures fell by Rs 2.00 per 1 mmbtu to close at Rs 2.50.

Agricultural commodities witnessed a turnover of Rs 1,60.5 crore in 19,619 deals. Cotton April futures opened at Rs. It closed at 70.30. Against this, rubber August futures opened at Rs 19.50 per 100 kg, went up to Rs 15.50 intra-day and down to Rs 15,000 during the week, closing at Rs 19.8 per kg, up Rs 31 at the end of the week. Was. CPO August contract opened at Rs. Was born. In mentha oil futures, the August contract fell by Rs 2.50 per kg to Rs 2.50 and the cotton August contract by Rs 20 per 1 bale to close at Rs 3,050.

Meanwhile, as the dollar index rose against various major currencies in world markets, there were indications that funds would continue to sell in gold. Unemployment claims have fallen in the US and the job market has soared. Consideration is also being given to reduce the rate of bond buying by the government. The dollar index rose to a nine-and-a-half-month high in world markets. World market players are now eyeing the Federal Reserve's annual conference in the United States next week. Unemployment claims in the US have dropped to a 15-month low.

Experts feared that the growing delta crisis in the world would hit the demand for crude. Brent crude fell nearly eight per cent this week, the biggest drop in nine months, according to world market analysts.