Choice Commodity Research

*Bullion Update* India’s gold imports rose 4.77% to $4.16 billion in July, while silver imports plunged 66.1% to $171.68 million following higher customs duties. Meanwhile, imports from Switzerland surged 62.26% to $2 billion during the month. -Choice Broking

Sumeet Bagadia’s Desk:Buy ALUMINI|31AUG26 in Commodity @ 346.60 SL 344.40 TGT 351.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|24AUG26 CE 270.00 in Commodity @ 4.90 SL 3.90 TGT 6.90

Dollar Update The dollar index hovered near 99.82 as subdued US inflation reduced September Fed rate hike expectations to 35% from 55%. Easing price pressures support the dollar, though Middle East tensions and Strait of Hormuz uncertainty remain risks. -Choice Broking

Crude Oil Update Shipping traffic through the Strait of Hormuz remained below the monthly average amid heightened US-Iran tensions. Commodity vessel transits rose slightly Thursday but stayed below August’s daily average of 12, according to Kpler data. Impact: Positive for Crude Oil. -Choice Broking

Gold Update Russia's central bank FX and gold reserves stood at $740.0 bln in the week to Aug 7, up from $720.3 bln the previous week. -Choice Broking

Bullion Update India’s gross gem and jewellery exports rose 2.44% YoY to $9.17 billion during April–July 2026, supported by strong demand for value-added products, particularly studded gold and silver jewellery. Impact: Positive for Bullion. -Choice Broking

Crude Oil Update US Energy Secretary Wright said the US is communicating and coordinating with every vessel; oil shipments through the Strait of Hormuz will continue to increase, and US escort and transport capacity is being bolstered. -Choice Broking

Global Market Heatmap Global markets are mixed: US equities are mostly steady, while the Nikkei 225 declined 0.49%. European markets are positive, with DAX up 0.54% and Euro Stoxx 50 up 0.34%. Crude oil is firm, with WTI at $81.33 and Brent at $87.09. Natural gas gained 0.59%. In metals, gold fell 1.08%, silver 1.42%, platinum 0.85%, and palladium 1.01%, while copper was marginally lower. The US dollar index stood near 99.81, while the VIX eased to 15.95, indicating relatively subdued market volatility.

US Natural Gas Storage Actual : 36B Forecast: 31B Prev.: 33B Impact: Negative for NG

*Sumeet Bagadia's Desk: Book Part Profit in CRUDEOIL Spread* Approx. Profit of Rs. 3100 at cmp.

Sumeet Bagadia’s Desk : Book Profit @ 145.00...Buy in Commodity CRUDEOIL|17AUG26 PE 7700.00 @ 134.00 SL 112.00 TGT 178.00

US Core PPI m/m Actual : 0.2% Forecast: 0.3% Prev.: 0.4% Impact : Positive for Bullion US PPI m/m Actual : 0.0% Forecast: 0.2% Prev.: -0.3% Impact : Positive for Bullion US Unemployment Claims Actual : 209K Forecast : 202K Prev.: 199K Impact: Positive for Bullion

Sumeet Bagadia’s Desk : Exit @ 2133.50...Buy in Commodity GOLDM|28AUG26 CE 154000.00 @ 2046.50 SL 1880.00 TGT 2379.50

Sumeet Bagadia’s Desk : Stopped Out @ 266.20...Sell in Commodity NATURALGAS|26AUG26 @ 264.60 SL 266.20 TGT 261.40

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17AUG26 PE 7700.00 in Commodity @ 134.00 SL 112.00 TGT 178.00

Sumeet Bagadia’s Desk : Stopped Out @ 349.75...Buy in Commodity ALUMINIUM|31AUG26 @ 350.80 SL 349.90 TGT 352.60

Sumeet Bagadia’s Desk:Buy ALUMINIUM|31AUG26 in Commodity @ 350.80 SL 349.90 TGT 352.60