Cotton futures are priced at Rs. 700 crash: Crude oil prices rise

The country's leading commodity derivatives exchanges recorded a total turnover of Rs 1,20,8.5 crore in various commodity futures, options and index futures during the week of August 8 to September 8 in 19,8,91 deals. Precious metals futures awaited in gold-silver. Gold futures fell by Rs 3 per 10 grams, while silver futures rose by Rs 3 per kg. There was a mixed trend in nonferrous metals.

Aluminum, nickel and lead improved, while copper and zinc loosened. Both crude oil and natural gas were bright in the energy segment. In agricultural commodities, cotton traded at a futures price of Rs 20 per bale with a volume of 4.5 bales. Cotton and rubber also declined, while CPO and mentha oil communicated universal improvements. The precious metals index Buldex was up 61 points in September and the non-ferrous metals index Metaldex was up 3 points in September.

In the energy segment, the MCX saw a total turnover of Rs 2,612.5 crore in 2,3,8 deals. Crude oil September futures opened at Rs 3,05 at the beginning of the week, going up to Rs 2,15 intra-day and down to Rs 4,311 during the week. Natural gas September futures rose by Rs 2.50 per 1 MMBTU to close at Rs 30.50.

Meanwhile, there were reports that the government had increased the tariff value used as a benchmark for calculating the import duty on gold and silver imported into India.

In dollar terms, the government has reportedly increased the tariff value of gold by ૧૦ 5 per 10 grams and silver by ૭૬૫ 5 per gram. Over the weekend, private sector job growth data in the United States was reported to have reached 4,000,000. In the domestic market, gold was quoted at Rs 2,600 per 10 grams and Rs 3,600 per gram at Rs 8,50 per 10 grams in the spot market over the weekend, while silver was reported at Rs 3,200 per kg in the spot market at Ahmedabad.

During the week in futures market, gold and silver in precious metals traded on the MCX with a total turnover of Rs 2,6.5 crore in 2,3,7 deals. Among gold futures, MCX Gold October futures opened at Rs 4,600 per 10 grams at the beginning of the week, going up to Rs 2,6 intra-day and down to Rs 2,85 during the week, down Rs 5 to Rs 2,31 at the end of the week. The price was off.