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Commodity Watch
25 Aug | 06:22AM
FUTURES PRICE(Near month contract prices)
Gold jumps by Rs 170, silver rises to Rs 61,584
In the international market, gold was trading lower at $1,801 per ounce and silver was marginally down at $23.60 per ounce.
Crude oil futures rise on spot demand
On the Multi Commodity Exchange, crude oil for the August delivery traded higher by Rs 45, or 0.92 per cent, at Rs 4,932 per barrel in 4,927 lots.
Nickel futures rise on firm spot demand
On the Multi Commodity Exchange, nickel contracts for the September delivery gained Rs 2.90, or 0.2 per cent, to Rs 1,425.60 per kg in a business turnover of 914 lots.
Copper futures fall on weak demand
On the Multi Commodity Exchange, copper contracts for the August delivery eased by Rs 1.25, or 0.18 per cent, to Rs 708.35 per kg in a business turnover of 2,421 lots.
Top News
Soybean futures rise on fresh bets Commodity strategies: Gold, silver, crude, base metals Gold rate today: Yellow metal declines; silver tops Rs 62,700 a kg Gold hovers above $1,800 as early taper expectations cool Oil rises as full US clearance for Covid-19 vaccine stokes fuel demand hopes High-flying equity may keep gold prices under pressure; silver may fall more Gold marginally up amid firm global trend
Coriander futures rise on spot demand
On the National Commodity and Derivatives Exchange, coriander for September delivery went up Rs 352, or 4.4 per cent, to Rs 8,360 per quintal with an open interest of 7,135 lots.
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
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Gold jumps by Rs 170, silver rises to Rs 61,584
In the international market, gold was trading lower at $1,801 per ounce and silver was marginally down at $23.60 per ounce.
In the international market, gold was trading lower at $1,801 per ounce and silver was marginally down at $23.60 per ounce.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Crude oil futures rise on spot demand
On the Multi Commodity Exchange, crude oil for the August delivery traded higher by Rs 45, or 0.92 per cent, at Rs 4,932 per barrel in 4,927 lots.
On the Multi Commodity Exchange, crude oil for the August delivery traded higher by Rs 45, or 0.92 per cent, at Rs 4,932 per barrel in 4,927 lots.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Nickel futures rise on firm spot demand
On the Multi Commodity Exchange, nickel contracts for the September delivery gained Rs 2.90, or 0.2 per cent, to Rs 1,425.60 per kg in a business turnover of 914 lots.
On the Multi Commodity Exchange, nickel contracts for the September delivery gained Rs 2.90, or 0.2 per cent, to Rs 1,425.60 per kg in a business turnover of 914 lots.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
High local prices may hit cardamom exports
India’s cardamom exports plunged 72 per cent year-on-year to 405 tonnes in the six months to September 2019.
India’s cardamom exports plunged 72 per cent year-on-year to 405 tonnes in the six months to September 2019.
Forex Calculator
SPOT
COMMODITIES
PLACE
PRICE
UNIT
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).
SPOT
COMMODITIES
PLACE
PRICE
UNIT
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.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
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.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
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.