Commodity market opened the trade negatively on Friday and continuing the weaker trend. Bullion and energy prices were trading lower. Agri and Base metals commodities were trading mixed. Nickel Mar future stood as top gainer. On other hand Cotton was the top loser.
All the base metals commodities traded weak note except Nickel. Aluminium, Copper, Lead and Zinc traded down over half percent. Nickel Mar future traded 0.34% up at Rs. 1380.40 per kg.
Bullion prices traded lower amid a subdued trend in the international spot prices on a strong US dollar and a sharp rise in global bond yields. Silver prices declined. Gold futures for April delivery eased 0.34 percent to Rs 46084 per 10 grams as against the previous close of Rs 46241 per 10 gm and opening price of Rs 46340 per 10 gm on the MCX. Silver futures traded 1.33 % lower at Rs 68354 per kg. The prices opened at Rs 69400 as compared to the previous close of Rs 69276 per kg.
MCX Crude oil traded higher in early morning session. But it turned bearish after a while of trading hour .Crude oil Mar future traded down by 0.17% at Rs. 4600 per barrel as against previous close of Rs. 4622 Per barrel and opening price of Rs .4636 Per barrel.