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Commodity Watch

02 Dec | 05:36AM
FUTURES PRICE

(Near month contract prices)
Gold jumps 2% on dollar slide, stimulus bets

Gold jumps 2% on dollar slide, stimulus bets

Spot gold climbed 1.8% to $1,809.01 per ounce by 10:34 a.m. EST (1534 GMT). U.S. gold futures gained 1.8% to $1,812.60.

Oil prices inch down as OPEC and allies seek consensus on output

Oil prices inch down as OPEC and allies seek consensus on output

Brent crude was down 19 cents at $47.69 a barrel by 1430 GMT and West Texas Intermediate was down 36 cents at $44.98.

Gold rises by Rs 45, silver gains Rs 407

Gold rises by Rs 45, silver gains Rs 407

Spot gold prices for 24 karat in Delhi were trading up by Rs 45 in line with recovery in global gold prices despite rupee appreciation

Gold futures gain on spot demand

Gold futures gain on spot demand

Fresh positions built up by participants led to the rise in gold prices, analysts said.

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Calendar Spread

(Far - Near month contract)
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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.
253
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.
62307.0
60599.0
1708.00
20070.0
19680.0
390.00
61440.0
60599.0
841.00
585.6
584.0
1.60
38880.0
38807.0
73.00
4871.0
4862.0
9.00
Disclaimer:These Strategies are not ET recommended its a market overview.

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SPOT
COMMODITIES
PLACE
PRICE
UNIT
Gold jumps 2% on dollar slide, stimulus bets
Spot gold climbed 1.8% to $1,809.01 per ounce by 10:34 a.m. EST (1534 GMT). U.S. gold futures gained 1.8% to $1,812.60.
SPOT
COMMODITIES
PLACE
PRICE
UNIT
Crude oil prices slip in cautious trading ahead of OPEC+ meeting
U.S. West Texas Intermediate crude futures for January fell 40 cents, or 0.9%, to $45.13 a barrel.
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COMMODITIES
PLACE
PRICE
UNIT
Copper futures rise marginally on fresh bets
Analysts attributed the rise in copper prices to increased bets by participants, driven by a pick-up in spot demand.
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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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Crude palm oil becomes India's largest traded farm contract
According to data sourced from the Multi Commodity Exchange’s (MCX) website, the average daily turnover in the crude palm oil contract was Rs 273.60 crore. The daily volume averaged 39,068 tonnes, or over 5 per cent of the country’s monthly imports.
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Indian cotton exports likely to rise 20%-30% on higher global demand
“Indian cotton is the cheapest in the world compared to the US, Brazil and Australia and hence we see the trend of increased buying from Vietnam, Bangladesh, Indonesia and China. Spinning mills in these countries have started running at full capacity, as retail sale of apparels is picking up,” said Atul Ganatra, president, Cotton Association of India.
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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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