Commodity prices traded mixed on Wednesday. Bullion and Base prices traded positively in evening session while crude oil prices traded with weak note. Currently Aluminium, Zinc, Lead, Copper, Kapas, Natural Gas,Silver, Gold were trading higher .At the same time, Crude oil, Mentha oil, Cotton, Nickel, CPO were trading lower.
MCXBULLDEX was trading up by 0.04% at 14257. The glow of gold and silver has started increasing again. Gold prices have remained stable throughout the morning session. But In evening session, it erased morning gains and traded flat, with positive bias. On MCX, gold Apr futures were up 0.02% to ₹44823 per 10 gram after rising to ₹45037 at day's high. Silver May future also followed the gold trend and traded up by 0.03% at Rs. 66939 per kg.
Crude oil prices were trading marginally down. Crude oil prices traded lower despite of drawdown in weekly inventories as per API report. The stalled vaccinations in European nations and rising virus cases has raised concerns over fuel demand recovery for crude oil. MCX Crude Oil March was trading down by 0.85% at Rs. 4664 per barrel and touched a day’s low of 4650. Natural Gas Mar future was trading 0.16% up at Rs. 185.10 per mmBtu. Natural gas edged up on near-record LNG exports and expectations that low prices would prompt power generators to burn more gas.
Base metals complex traded positively in evening session after a weak start. Aluminium, Zinc, Lead and Copper were stood as top gainers at MCX. Aluminium Mar future gained by 1.03% at Rs. 175.90 per mmBtu. Zinc and Lead were trading with gains of nearly 1 % and copper rose by 0.50% while Nickel fell by 0.08% at Rs. 1162.60 per kg.
Under Agri commodities, CPO, Mentha oil, Cotton were trading negatively while Kapas was the only gainer. Kapas Apr future was trading up by 0.35% at Rs.1287.00 per 20 kg.