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Commodity Watch

04 Aug | 10:52PM
FUTURES PRICE

(Near month contract prices)
Gold peaks near $2,000/oz on signs of progress in US stimulus aid

Gold peaks near $2,000/oz on signs of progress in US stimulus aid

Bullion has surged about 31% so far this year, supported mainly by lower interest rates and widespread stimulus by global central banks to ease the economic blow from the pandemic.

India's July gold imports drop 24% YoY as prices surge to record: Govt source

India's July gold imports drop 24% YoY as prices surge to record: Govt source

The world's second-biggest consumer of the precious metal imported around 30 tonnes of gold in July, down from 39.66 tonnes a year ago.

Commodity outlook: Gold edges higher; here's how others may fare

Commodity outlook: Gold edges higher; here's how others may fare

Here is how SMC Global expects commodities to fare today.

Gold prices hit fresh record amid fast-spreading Covid cases

Gold prices hit fresh record amid fast-spreading Covid cases

Gold tends to gain when interest rates are low, which reduces the opportunity cost of holding non-yielding bullion. It is also seen as a hedge against inflation and uncertainty.

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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.
1674
Graph
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.
69645.0
64419.0
5226.00
69621.0
64419.0
5202.00
1538.0
1476.7
61.30
936.5
902.5
34.00
163.5
157.9
5.60
16290.0
15930.0
360.00
44158.0
43191.0
967.00
34000.0
33350.0
650.00
150.85
148.0
2.85
5497.0
5399.0
98.00
Disclaimer:These Strategies are not ET recommended its a market overview.

Hot/Cold Contract

 
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Gold peaks near $2,000/oz on signs of progress in US stimulus aid
Bullion has surged about 31% so far this year, supported mainly by lower interest rates and widespread stimulus by global central banks to ease the economic blow from the pandemic.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Crude oil prices on track for monthly gain as dollar supports
U.S. crude gained 26 cents, or 0.6%, to $40.18 after dropping 3.3% in the previous session, also off lows not seen since July 10.
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COMMODITIES
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Top copper nation gets tough on water with BHP in crosshairs
Mines that dot the parched Atacama desert are coming under increasing scrutiny for their use of water, with lithium giant Soc. Quimica & Minera de Chile SA facing a Supreme Court ruling after community complaints.
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.
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Malaysia cuts crude palm oil export duty for May to 4.5%
The world's second-largest producer and exporter of palm oil calculated a reference price of 2,460.89 ringgit per tonne.
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Mentha oil price hits season low; outlook bearish
Stocks of mentha oil at MCX-accredited warehouse declined to 77,799.35 kg by February 11 against 88,601.70 kg a week earlier.

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