BASE METALS TRADE LOWER; NICKEL DOWN BY 1.32%

Domestic commodity Market traded lower in morning session. Most of the commodities started the day with negative note. Natural Gas Mar future stood as loser during the session. At the same time, Cotton and CPO were trading with flat gains.

MCX Gold prices traded with volatility in previous session and prices moved up higher but failed to continue with bullish momentum before closing bit off the high. Currently, Gold Apr future is trading down by 0.15% at Rs.46730 per 10 gms and Silver Mar future is trading down by 0.25% at Rs. 69166 per kg. Both precious metals opened with gains but moved bearish after a while of trade on Today.

Crude oil futures turned lower as some profit selling emerged after latest spurt to 13 month high. On MCX Crude oil Mar deliver is trading lower by 0.72% at Rs. 4443 per barrel.

All the base Metal were trading under pressure in early trade. Nickel, Zinc were down above 1% each and Lead, Copper down by nearly 1%.