Crude Slips Gold Trading Flat | Today Commodity Market News Outlook Report 13 June 2018.


Bullion - Opens on negative Note Gold -31140-31150 Silver - 40600-40620 

Energy - Opens on negative Note Crude Oil - 4465-4470 Natural Gas - 197.90-198 

Base Metals - Opens on negative Note Copper -482.30-482.50 Nickel - 1027-1028 Lead -166.80-167 Zinc - 216.80-217 Aluminium -155.70-156





The non-agri segment is currently dominated by Multi Commodity Exchange of India (MCX), which has agreements with both Chicago Mercantile Exchange and London Metal Exchange for settlement prices of energy and base metals.

For gold contracts, MCX gets settlement prices from the Ahmadabad gold spot market.

“BSE and NSE are also in talks with CME and LME for settlement prices; but MCX has some exclusive contracts with LME. If they (BSE, NSE) do not get settlement prices, then it would be difficult for them to compete with an existing exchange,” a source told Moneycontrol.

New commodity exchanges need to have arrangements with exchanges abroad to get settlement prices for crude oil, base metals and natural gas contracts that they offer.


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