Commodity markets traded positively with energy and bullion counters were trading with gains while base metals remained weak. Agri commodities also traded on positively. Mentha oil, Silver, Crude oil, MCXBULLDEX, GOLDPETAL, Gold, GOLDM, GOLDGUINEA, Natural Gas, Zinc, Nickel, CPO, Cotton were traded with gains. On the other hand, Copper, Aluminium, Lead, MCXMELTDEX were traded on negative note.
Crude oil traded with higher volatility in the opening session on today. Crude oil Dec future was trading up by 0.87% to Rs. 3465 per barrel while its peer Natural Gas rose 0.62% to Rs. 196.00 per mmBtu.
Gold and silver prices edged higher in Indian markets, tracking positive global cues as new coronavirus-related restrictions in some countries lifted the safe-haven appeal of the precious metals. On MCX, February gold futures were up 0.67% to Rs. 49269 per 10 gram while silver futures gained 0.99% to ₹Rs.64100 per kg.
Mentha oil Dec future gained above 1% on spot demand. Cotton traded higher up 0.10% to Rs. 20280.00 per bales.
All the Base metals commodities traded with negative bias where Copper and Aluminium, Lead fell by 0.41%, 0.39%, 0.13% respectively. Nickel traded 0.27% higher.