COMMODITY MARKET: GOLD FUTURES PRICES DOWN RS 382, SILVER UP RS 1030 ON MONDAY

Commodity Prices traded mixed on MCX on Monday as agri segments and energy segments were trading higher while Gold and base metals were trading negatively. However, Silver futures were trading with gains. Currently, CPO, Kapas, Natural Gas, Silver, Cotton, Zinc, Crude oil, Mentha oil futures were trading with positive note while Aluminium, Copper, Gold, Lead, Nickel were trading with negative note.

BULLION:

Gold prices struggled in Indian markets today while silver rates surged. MCXBULLDEX was trading flat with negative bias; down by 0.17% at 14119.April gold contracts were trading at Rs 44410 per 10 grams, down 0.61% in line with weak international market trend. Gold futures touched an intraday low of Rs 44301 per 10 gm. Silver future has erased its previous session losses and traded with positive note throughout the session. May silver futures rose 0.57%, to Rs 65975 per kg touched a high of Rs. 66633 and low of Rs. 65724 on today.

ENERGY:

Crude oil prices erased the morning gains somehow. In future market, crude oil for March delivery was trading flat with positive bias after recorded over 2 % gains, touched a day’s high of Rs 4967 and an intraday low of Rs 4830 per barrel on MCX. Natural gas Mar delivery gained by 0.76 % at Rs. 198.70 per mmBtu.

BASE METAL:

MCXMELTDEX Mar delivery traded down by 0.23 % at Rs. 14016 unit. Base metals complex traded lower on Friday with most of the metals witnessing selling pressure expect Zinc. Aluminium prices were trading down by 1.13% gains, Copper futures trading nearly 1% losses. Lead and Nickel Mar future were trading lower by 0.52% and 0.35% respectively.

AGRI:

Agri Commodities traded higher as most of the commodities were trading positively. CPO future stood as top gainer, up by 1.72% at Rs. 1096 per 10 kg. Kapas and Cotton were trading higher by 1.00% and 0.36% respectively.