Commodity prices traded mixed in evening session as bullion prices traded negatively while Crude oil traded higher. Currently, CPO, Nickel, Zinc, Crude oil were trading with positive note while Silver, Cotton, Natural Gas, Kapas, Lead, Gold, Aluminium, Mentha oil, Copper were trading with negative note.
On the Multi Commodity Exchange (MCX), gold April futures dipped 0.42 % to ₹44830 per 10 gram and silver futures were down 1.67 % to ₹66401 per kg. In the global markets as well, gold declined as the dollar remained firm. MCXBULLDEX future traded down by 0.80% at 14220. Gold prices traded under pressure limiting the upside on Monday as traders and investors are eyeing US bond auctions this week.
Crude oil futures were firm at ₹4479 per barrel, after a one-way up move that started in October broke last week with prices falling 7.54 percent on the MCX. Prices crashed as a fresh wave of coronavirus infections across Europe dashed hopes of demand recovery in fuel. The crude oil prices traded in the positive territory after a flat to gap-down start. Natural Gas Mar future was trading 1.36% down at ₹181.30 per mmBtu on weak global trend.
Base metals complex traded mixed. Most of the metals traded lower trading range while Lead falling the most. Nickel and Zinc Mar delivery traded with gains, up by 1.06% and 0.71% receptively. Lead, Aluminium and Copper down by 0.74%, 0.37% and 0.10% respectively. MCXMELTDEX traded up by 0.25% at 13940.
Most of commodities in agri were traded lower except CPO. CPO stood as top gainer, gained by 1.59% at ₹ 1136.50 per 10 kg. While Cotton future down the most.