Back Office Login

you are here: Commodity | News | End Session Commentary| Detailed News
As on: Dec 17, 2018 12:41 PM
Gold Holds Gains Ahead Of Nonfarm Payrolls
07-Dec-18   17:33 Hrs IST

COMEX Gold futures are holding just below six week high ahead of the critical US nonfarm payrolls data for November. The metal has been rising this week though some stability in equities after recent turmoil is capping the gains for the commodity now. COMEX Gold currently trades at $1246.60 per ounce, up 0.24% on the day. MCX Gold futures are currently trading at Rs 31177 per 10 grams, up 0.28% on the day, extending their recent break above Rs 31000 levels. The US dollar index is supported ahead of the jobs data, currently quoting at 96.78, up marginally on the day.

Meanwhile, large precious metals speculators trimmed their bullish net positions in the Gold futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 1,871 contracts in the data reported through Tuesday November 27th. This was a weekly slide of -7,025 net contracts from the previous week which had a total of 8,896 net contracts.

Powered by Commodity Insights

For business enquiries, get in touch : 011 - 45046022 | partner@skicapital.net
For other assistance, get in touch : 011 - 45046000 | contact@skicapital.net
  • Financial Advisory
  • Institutional Cleaning
  • Business Insurance
  •  
CIN: U67190DL2012PTC246572, IRDA No: CA0177, AMFI- ARN-118937. NSE Cash / F&O / Currency- INB / INF / INE-230815339, BSE Cash /F&O-INB / INF010815331, BSE Currency- Exchange Regn., MSEI Currency- INE260815339, DP IN-DP-NSDL-129-2000, DPID IN 301508, IRDA Reg. No.CA0490, SKI Consultancy Services Ltd Member: NCDEX, MCX, SEBI Reg No INZ00005283, M. No. NCDEX 00433, MCX 16200.
Exchanges / Depository : Prevent Unauthorized Transactions in your Trading / Demat Account. Update your Mobile Numbers / email IDs with us. Receive alerts on your Registered Mobile / email IDs for trading account transactions and all debit and other important transactions in your demat account directly from Exchange / NSDL on the same day |,KYC:KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. ,Note:"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Copyright 2018. SKI. All Rights Reserved Designed , Developed & Powered By C - MOTS Infotech(ISO 9001:2015 certified)