Gold, silver fall to worst level in four weeks: However, there is relief after Fed’s comments

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The country’s commodity derivatives exchange MCX recorded a total turnover of Rs 5,05,182.25 crore in 64,23,740 deals in various commodity futures, options and index futures during the week of May 12 to 18, with commodity futures accounting for 1,09,447.67 Crores and options accounting of Rs.395480.87 crores.

In precious metals futures, gold and silver saw a volume of 8,92,518 trades on MCX worth Rs 59,391.44 crore during the week under review. In gold futures, MCX gold June futures started the week at Rs 60,795 per 10 gram, touched a high of Rs 61,498 and a low of Rs 59,540 during the week, ending the week down by Rs. Rs.1,169 to Rs.59,723. In comparison, the Gold-Guinea May contract declined by Rs 8 to Rs 754 per gram to Rs 48,111 and the Gold-Pankhuri May contract declined by Rs 113 to Rs 6,005 per gram. The gold-mini June futures declined by Rs 1,128 to Rs 59,758 per 10 grams.

Silver July futures started the week at Rs 73,675 per kg, touched a high of Rs 73,763 and a low of Rs 71,811 during the week, ended the week down by Rs 1,665 at Rs 72,143. , The June contract for silver-mini declined by Rs.1,659 to Rs.72,156 and that of silver-micro for June declined by Rs.1,658 to Rs.72,146.

In non-ferrous metals futures, there was a turnover of 95,026 deals worth Rs 10,718.88 crore on MCX during the week. Copper futures declined by Rs 10.70 to Rs 729.85 and opened at Rs 718.50, while aluminum futures rose by Rs 2.90 to Rs 208.85 and lead futures declined by Rs 0.15 to Rs 184. The May contract of Zinc declined by Rs 7.40 to close at Rs 223. In mini futures, aluminium-mini for May contract rose by Rs 2.80 to Rs 209.05, Sisu-mini by Rs 0.30 to Rs 183.65 and zinc-mini by Rs 7.40 to Rs 7.40 per kg. Closed. Rs.223.50.

Energy segment futures on MCX saw a turnover of 10,17,544 deals worth Rs 39,260.4 crore during the week. Crude oil May futures opened the week at Rs 5,831 per barrel, touched a day’s high of Rs 6,037 and a week’s low of Rs 5,714, ended the week higher by Rs 87 at Rs 5,930, while Crude oil – Mini May futures gained Rs 87 to close at Rs 5,934. natural gas may hold promise

1 mmBtu opened at Rs.180, rising Rs.33.10 to Rs.212.70 and Natural gas-mini May futures gained Rs.32.9 to Rs.212.7.