CRUDE OIL SLIPPED ON RISING CORONAVIRUS

At the MCX, Crude Oil futures for Dec contract was trading at Rs. 2804.00 Per Barrel, down by 2.33%, after opening at Rs.2825.00 Per Barrel, against a previous close of Rs. 2871.00 Per Barrel. It touched an intra-day low of Rs. 2778.00 Per Barrel and high of Rs.2860.00 Per Barrel in the future market.

Crude oil traded lower on Friday as new lockdowns in Europe to halt surging COVID-19 infections sparked concern about the outlook for demand.

Natural Gas traded lower at Rs 218.00 per mmBtu on November 6 as participants increased their short positions as seen by the open interest.

Gold Prices improved on Friday after an uptick in the dollar, with investors eyeing U.S. presidential election results which suggest Democrat contender Joe Biden is inching closer to victory, though the prospect of a contested result remained.

Zinc prices on Friday rose by Rs 0.78% to Rs 207.70 per kg in futures trade tracking a firm trend in physical markets on the back of pick up in spot demand.

On Multi Commodity Exchange, Commodities like Silver, Copper, Zinc, MCXMetldex, Lead, Aluminium, MCXBulldex, Gold Guinea, Gold Petal, GoldM, Gold, Nickel futures were the gainers, gained by 0.95%, 0.94%, 0.78%, 0.63%, 0.43%, 0.39%, 0.38%,0.21%, 0.21%,0.18%, 0.18%, 0.10% respectively. While Commodities like Crude Oil, Natural Gas, Cotton, Mentha Oil, CPO futures were the losers with a loss of 2.33%,1.67%, 0.46%,0.41%, 0.36% respectively.