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Commodity Watch
08 Oct | 02:25AM
FUTURES PRICE(Near month contract prices)
Gold gains marginally; silver climbs to Rs 60,172
In the international market, gold traded in the green at $1,766 per ounce and silver flat at $22.74 per ounce.
Commodity strategies: Gold, silver, crude, base metals
Here is a look at how different commodities are behaving in today’s market.
Commodities in a supercycle? This $14 bn fund manager says, hell no!
In the last one year, Nifty Metal Index has rallied over 150 per cent. Now, thanks to rising crude and gas prices, related stocks have also started rallying. But, DSP says this is nothing compared with what the metal sector made in earlier rallies.
Gold rate today: Yellow metal almost flat, silver marginally higher
The spot price of the yellow metal has inched higher compared to the previous day, whereas silver has declined about Rs 400 per kg during the period under review.
Top News
Oil price surge not always a crude shock for Indian equities Gold slumps by Rs 226; silver tumbles to Rs 59,341 Commodity strategies: Gold, silver, crude, base metals Gold rate today: Yellow metal loses sheen, silver attempts to top Rs 61,000 US oil rises to highest since 2014 amid global energy crunch Gold edges down on firmer dollar, rising bond yields WhatsApp outage hits trading in assets from crypto to Russian oil
Oil drops for 2nd session on unexpected rise in US inventories
Oil prices dropped for a second session Thursday, under pressure from an unexpected rise in U.S. crude stocks that raised concerns over demand after prices rallied to multi-year highs. U.S. crude slid 0.43%, or 33 cents, to $77.10 a barrel after the market climbed on Wednesday to $79.78, the highest since November 2014. Brent crude 2 cents, to $81.06 a barrel.
Calendar Spread
(Far - Near month contract)
Commodities
SPREAD (Rs)
CHART (Day)
Calendar Spread
(Far - Near month contract)
Calendar Spread means entering a long and short position on the same underlying asset futures but with different delivery months. The strategy to play with calendar spread is to understand how much premium/discount two different contracts are trading at.(Far - Near month contract)
Disclaimer:These Strategies are not ET recommended its a market overview.
(Near Month Futures - Spot Price)
COMMODITIES
FUTURES (Rs)
SPOT (Rs)
PREM/DISC
Calender Spread
Premium = Futures Price > Spot Price
Discount = Futures Price < Spot Price
Its relevance in derivatives market is to understand the trend whether it’s bullish or bearish. Moreover it helps arbitrageurs and hedgers to decide on cost of carry.Premium = Futures Price > Spot Price
Discount = Futures Price < Spot Price
Disclaimer:These Strategies are not ET recommended its a market overview.
Hot/Cold Contract
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Gold gains marginally; silver climbs to Rs 60,172
In the international market, gold traded in the green at $1,766 per ounce and silver flat at $22.74 per ounce.
In the international market, gold traded in the green at $1,766 per ounce and silver flat at $22.74 per ounce.
SPOT
COMMODITIES
PLACE
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UNIT
Shrinking inventories and supply worries lift natural gas prices to decade-high levels
Lower global production caused the crumbling down of inventories in key consumers like the US and Europe.
Lower global production caused the crumbling down of inventories in key consumers like the US and Europe.
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Nickel under pressure, may see more price erosion
Along with increased stainless-steel production, depleting inventories across exchanges hinted at potential tightness in the global Nickel market.
Along with increased stainless-steel production, depleting inventories across exchanges hinted at potential tightness in the global Nickel market.
Forex Calculator
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Government cuts import duty on crude palm oil to 10%
Currently, customs duty on crude palm oil is 15 per cent, while it is 45 per cent for all other categories of palmolein (RBD Palm Oil, RBD Palmolein, RBD Palm Stearin and any Palm Oil other than Crude Palm Oil).
Currently, customs duty on crude palm oil is 15 per cent, while it is 45 per cent for all other categories of palmolein (RBD Palm Oil, RBD Palmolein, RBD Palm Stearin and any Palm Oil other than Crude Palm Oil).
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Punjab to begin wheat procurement from April 10; farmers to be paid in bank a/cs
Ashu said the department of agriculture and farmers' welfare expect the arrival of 130 lakh tonnes of wheat in the local markets (mandis). He said the state has increased the number of procurement centres from 1,872 to 4,000.
Ashu said the department of agriculture and farmers' welfare expect the arrival of 130 lakh tonnes of wheat in the local markets (mandis). He said the state has increased the number of procurement centres from 1,872 to 4,000.
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Rubber futures test Rs 17,000 mark. Time to take positions?
On MCX, rubber futures for June 30 delivery ended at Rs 17,190 per 100 kg, down by Rs 17 or 0.04 per cent, having fluctuated around the flatline between Rs 16,960 and Rs 17,325 earlier in the day.
On MCX, rubber futures for June 30 delivery ended at Rs 17,190 per 100 kg, down by Rs 17 or 0.04 per cent, having fluctuated around the flatline between Rs 16,960 and Rs 17,325 earlier in the day.
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Mentha oil spikes 8% in 3 days. Is there more juice left for traders?
On MCX, the June 30 mentha oil futures contract surged as much as 5.66% to touch a one-year high of Rs 1,040 per kilogram before giving up some of those gains.
On MCX, the June 30 mentha oil futures contract surged as much as 5.66% to touch a one-year high of Rs 1,040 per kilogram before giving up some of those gains.