Domestic commodity market has shown positive sign due to heavy buying on Friday. In commodity’s basket, Most of the products traded in positive note whereas Crude oil Dec future stood as top gainer, gained by 1.02% at Rs.3358 Per barrel. Followed by Lead, Copper, MCXMELTDEX, Nickel,Zinc,Aluminium, CPO, Gold, GOLDGUINEA, Natural Gas, Cotton, MCXBULLDEX, GOLDM, GOLDPETAL,Silver up 0.79%, 0.77%, 0.77%, 0.70%, 0.67%, 0.58%, 0.18%,0.17%, 0.14%, 0.09%, 0.05%, 0.04%0.02%, 0.01%, 0.49% respectively.
After ended with negative note Crude oil Dec future has shown positive sign in evening trading session as participants widened their positions on firm spot demand on today. Natural Gas Dec future traded positively throughout the day as heavy buying and trading up 0.09% at Rs.216.90 Per mmBtu as against previous close of Rs.216.70 Per mmBtu.
In MCX , Gold and silver futures were trading marginally below the flat line in the morning trade on Friday as investors were divided between the optimism over vaccine development and rising Covid cases. In evening session, Gold Dec futures 0.17 per cent up 0.04 at Rs 48598 per 10 grams. Silver Dec futures up by 0.01 per cent to Rs 59880 per kg. Globally, gold prices steadied on Friday as investors took stock of doubts raised over the efficacy of a vaccine, but the precious metal was set for a third week of declines. Copper prices rose 0.77 per cent to Rs 574.25 per kg in the futures trade on Friday on a pick-up in spot demand.
In Agri commodities, Cotton Dec Future was trading up by 0.05% at Rs. 19930 Per Bales where as Mentha oil Dec was trading down by 0.49% at Rs.947.50 per kg.