Commodity prices traded mixed in afternoon session as the Gold prices continued to trade positively while crude oil moved downward. Currently, Lead, Natural Gas, Aluminium, Kapas, Gold were trading positively. At the same time, CPO, Crude oil, Copper, Zinc, Nickel, Silver were trading negatively. Cotton and Mentha oil traded flat.
MCXBULLDEX was trading down by 0.44% at 14290.Yellow metals extended their gains in domestic commodity market but erased morning gains somehow. On MCX, gold Apr futures were up 0.08% to Rs.44938 per 10 gram after rising to Rs.45047 at day's high. Silver May future opened a gap down and continued to trade bearish throughout the session. Silver traded down by 0.47% at Rs. 67354 per kg.
Crude oil futures slipped 1.33 percent to Rs 4682 per barrel on concerns of demand recovery as many European countries suspended the use of the AstraZeneca-Oxford COVID-19 vaccine. The diminishing appetite for US oil by Asian refiners also weighed on sentiment. The energy commodity traded in the negative after a gap-down start and trade near day’s low. Natural Gas trade in positive territory after a gap-down start tracking muted global trends. Natural Gas Mar future was trading 0.39% up at Rs. 182.20 per mmBtu.
Base metals complex traded weak with most of the metals kept to lower trading range on China demand concerns and stronger dollar. Nickel and Zinc were trading with losses of nearly 1 % and copper fell by 1.01%. Aluminium future turned positive in afternoon session due to higher demand. Lead gained over half percent.
Under Agri commodities, Kapas Apr future was trading up by 0.27% at Rs.1284.00 per 20 kg while Cotton and Mentha oil futures traded on flat and CPO Mar future traded in negative note, down by 1.47% at Rs. 1123 per 10 kg.