Gold December and Platinum October futures have declined 0.4 percent each at $ 1,084.90 and $ 985.35, respectively.Silver September contract is down 0.2 percent at $ 14.660.
Gold August is towards Rs 24970 and Rs 25,050. Supports in Gold towards Rs 24,750 are active. Gold price tested a high of Rs 25,019 per 10 grams on 30 July 2015 and a low of Rs 24,717 per 10 grams. Open Interest for June contract was at 5812 as on 30 July 2015 against 5812 on 29July 2015.
Crude Oil September delivery has shed nearly a percent at $ 48.15.Brent Oil September future is quoted at $ 53.03 - down 0.5 percent.Natural Gas September expiry is marginally up at $ 2.779.
Crude Oil also showed decline in open interest. It is expected that prices moving above Rs 3,180 will bring more gains.On Thursday, Crude Oil tested a high of Rs 3,174 and a low of Rs 3,122 per barrel.
Copper September delivery is almost unchanged at $ 2.378.MCX Copper June expiry contract is not finding a strong footing due to a trend of sell on rise. The traders have beem applying this strategy.
On 30 July 2015 Copper moved away from Rs 340 and ended the day at Rs 338.95 on against 341.65 per kg on 29 July 2015.
Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and commodity market.