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Commodity prices traded mixed on Thursday after seeing a firm trading in the previous session. On MCX, Cotton, Aluminium, Lead, Silver, CPO, Zinc, Crude oil, Copper, Natural Gas, Mentha oil were trading with positively while Nickel and Gold were trading with negatively.

Commodities Buzz:

On Thursday, gold traded on a positive note in early trade. But in afternoon session, the price moved bearish. Gold Apr future was trading lower by 0.16% at RS. 46446 per gm while Silver Mar future was trading 0.99% up at Rs.70231 per kg.MCXBULLDEX Mar delivery was 0.19 % up at Rs. 14916 per unit. Gold futures slipped as participants offloaded their holdings on a low demand.

Crude oil prices were trading higher on today. Crude oil prices rallied in previous session despite of bearish weekly inventory data. The lower supply concerns with impacted oil output due to cold storm in Texas boosted buying oil. On MCX crude oil Mar future jumped by 0.79% at Rs. 4604 per barrel. Natural Gas Feb future was trading up by 0.68% to Rs. 206.40 per mmBtu after a continuous declined in last two days.

Base metals complex traded higher on Thursday as industrial metals continued the buying spree on strong demand outlook. Copper prices rallied to 10 year highs on supply deficit and china demand. Aluminium and Lead prices gained by more than 1% on supply concerns from China. The Aluminium production can be halted in Inner Mongolia due to failure to meet energy consumption targets.MCXMELTDEX Feb delivery up 0.42 % at Rs. 15357 unit. Copper and Zinc were trading higher over half per cent.

Agri Commodities were traded positively with Cotton Mar future stood as top gainer, gained by 1.50%.CPO and Mentha oil futures were also gained by 0.96% and 0.09% respectively.

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