Commodity prices traded mixed on Tuesday as base metals traded with gains while Bullion prices traded lower and agri and energy commodities were mixed. Currently, Natural Gas, Kapas, Nickel, Lead, Zinc, Cotton, Copper were trading positively while Silver, Crude oil, Mentha oil, CPO, Gold, were trading negatively.
Bullion prices traded weak. MCXBULLDEX was traded negatively. Gold prices continued to fall on Tuesday a day after the country celebrated Holi. In the global markets, gold prices slipped on to hit a more than two-week low pressured by a stronger US dollar and higher treasury yields. On Multi Commodity Exchange (MCX), Jun Gold futures fell 0.22 per cent to Rs.44600 per 10 gram while silver fell 0.42 per cent to Rs.63902 per kg.
The energy commodity traded mixed as Natural Gas Apr future traded on positively while Crude oil futures traded lower in afternoon session. Crude oil prices traded higher in early trade with investors and traders shifting focus to upcoming OPEC meeting. Natural Gas Apr future was trading up by 2.28 % to Rs. 197.30 per mmBtu.
Base metals complex traded positively on higher demand expectations from China. Nickel and copper prices were trading up on limited supply fears while investors are also keeping eye on US infrastructure bill. MCXMELTDEX traded up by 0.43% at 13916.Nickel Apr future was trading over 1%.At the same time Lead Apr future was up by 0.93% at Rs. 163.45 per kg. Zinc, Copper gained by 0.48%, 0.13% respectively. Aluminium Apr future traded flat.
Agri commodities traded mixed as Kapas and cotton were traded with gain while Mentha oil and CPO were traded negatively. CPO Mar future was trading lower by 0.35% at Rs. 1134 per 10 kg and Mentha oil Apr future was down by 0.35% at Rs. 955.50 per bales. Kapas and Cotton Apr futures gained by 1.43% and 0.33% receptively.