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Commodity Watch

11 Dec | 08:12AM
FUTURES PRICE

(Near month contract prices)
Gold prices hold steady as stronger dollar weighs

Gold prices hold steady as stronger dollar weighs

US gold futures were little changed at $1,250.1 per ounce.

Oil prices on shaky ground amid global financial market worries

Oil prices on shaky ground amid global financial market worries

International Brent crude oil futures had yet to trade.

Mentha oil futures plunge on weak demand

Mentha oil futures plunge on weak demand

Around 11:30 am, the MCX Mentha oil was trading at Rs 1,528 per kilo.

Gold Rate Today: Gold prices firm up, silver struggles

Gold Rate Today: Gold prices firm up, silver struggles

Around 10:25 am, the MCX Gold was trading at Rs 31,638 per 10 grams.

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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.
2500
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.
13229.0
12000.0
1229.00
3165.0
2960.0
205.00
334.7
316.7
18.00
502.8
484.2
18.60
38377.0
36995.0
1382.00
38336.0
36995.0
1341.00
590.0
573.1
16.90
1490.0
1448.5
41.50
440.65
429.3
11.35
440.65
429.3
11.35
Disclaimer:These Strategies are not ET recommended its a market overview.

Hot/Cold Contract

 
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ICEX to allow trading in pepper, cardamom
At a meeting ICEX held with the black pepper traders, it was suggested that the trading lot and delivery unit of pepper contracts be changed from 100 kg to 1 tonne.
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Rubber output, import may be at same level this year
But the sliding local prices, tracking the global trend, may discourage small growers from regular tapping.
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