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COMMODITY MARKET: CRUDE OIL PRICE INDICATES A BULLISH SIGN IN EVENING SESSION; GOLD FUTURES FALL AGAIN

Commodity prices traded with cuts on Friday after trading firm in the previous session. Crude oil prices traded positively while bullion and Base metals were traded negatively. Currently, Crude oil, Lead, Mentha oil, Kapas were trading higher .At the same time, Silver, Nickel, Copper, Aluminium, Gold, Zinc, Cotton, CPO were trading lower. Natural Gas future traded flat.

BULLION:

MCXBULLDEX was trading down by 1.31% at 14123.The price of gold and silver fell on Friday tracking muted action in the international market. Gold Apr future was down 1.16% to Rs. 44360 per 10 gram while silver rates declined 1.77% to Rs.66350 per kg. Gold prices traded lower on Friday with dollar recovery paring some of the weekly gains.

ENERGY:

The energy commodity turned positive after a gap-down start and trade near day’s high. In future market, Crude oil for March delivery touched a day’s high of Rs 4825 per barrel gained by 0.23% at Rs. 4807 per barrel on MCX. Natural gas Mar delivery was traded flat at Rs. 193.80 per mmBtu.

BASE METAL:

Base metals complex traded down on Friday with most of the metals pared previous gains on China demand concerns and stronger dollar. MCXMELTDEX Mar delivery traded down by 1.08% at Rs. 13790 unit. Nickel Mar future was trading down by 1.61% at Rs. 1162.30 per kg, Copper Mar future was down over 1.40%. Aluminium was trading lower by 1.27%. Lead stood as only gainer in base metals up by 0.22% in evening session.

AGRI

Under Agri commodities Kapas and Mentha oil were traded higher while Cotton and CPO were trading lower.



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