Effective on firm dollar impact and growing equity markets, the gold traded in red in the morning trade on Monday, slipping its lowest level in more than two weeks. The more stringent monetary policy ahead of the US Federal Reserve meeting increased pressure on Gold. Market players expect the Gold to trade volatile on the back of growing geopolitical worries and the dollar movements. The price is further expected to decrease as a result of profit booking.
Wheat prices rose by 0.73% to Rs 1,647/quintal in the futures market on Thursday following a pickup in demand at spot market. At the NCDX wheat for delivery for October gained Rs 12, or 0.73% to Rs 1647 per quintal with an open interest of 14,040 lots. Similarly, the wheat for delivery in Sept traded higher by Rs 10, or 0.62% to Rs 1,626 /quintal in 630 lots.
Reliance Capital has moved ex-Home Finance business from Tuesday. The stock’s Future and Option contracts have expired on Monday. The stock settled at Rs. 687.40 share apiece at its opening bell on BSE and surged to touch intraday high of Rs. 740 share apiece, up by 7.96 percent within first few minutes’ trade. Reliance Capital share holders will get one free share of Reliance Home Finance as on Sept 6, 2017, for every share held in the company.
Crude Oil prices fell on Monday subsequent on the powerful North Korean nuclear test blast triggered a flight of investors away from crude markets and into gold futures. Brent crude futures had fallen by about 1% from its last close to USD 52.34 per barrel today morning.