Commodity Market Update

Spot gold prices closed at $1244.55/oz on Monday.
14 September 2010 | Spot Gold prices ended on a flat note on Monday to close at $1244/oz. On the MCX platform, the yellow metal prices closed at Rs 18,861, slightly lower than its earlier close of Rs 18,864. Positive sentiments in the global financial markets capped gains in gold prices yesterday. Investors flocked towards the higher- yielding equities, decreasing demand for gold as a safe-haven investment. The SPDR gold holdings slipped to 1292.619 metric tonnes on September 13th from 1293.531 on September 10th.

Nymex crude oil prices closed at $77.19/bbl on Monday.
14 September 2010 | Crude oil prices touched an intra-day high of $78.04/bbl on Monday, before closing at $77.19/bbl. On the MCX platform, crude oil prices closed above Rs 3500/bbl, gaining around 1%.Crude oil prices will take cues from the inventory data to be released by the American Petroleum Institute (API) later in the evening today.

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