NATURAL GAS TRADE HIGHER BY 3.03%

Commodity Market traded lower while bullion and crude oil prices were trading negatively on Thursday. At the same time, Natural Gas moved higher and gained by above 3%.

Base Metals were trading mixed. Lead, Aluminium, Zinc were trading with positive bias while Nickel and copper were trading negatively.

Gold has erased almost all of December’s gain and traded below Rs. 48000 per 10 gm. Gold prices have started recovering after Democrats released the first draft of key legislation that will comprise President Joe Biden’s Covid-19 relief bill.

Crude oil prices fell on Thursday, giving up some of the recent strong gains, although losses were curbed by production cuts and hopes that rollouts of vaccines will drive a recovery in demand.