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COMMODITY MARKET MORNING UPDATE: GOLD , SILVER, CRUDE OIL START THE TRADE IN NEGATIVE

Domestic commodity prices started with negative note with bullion and energy prices were opened weak while most of the base metals also traded negatively except and Zinc and Aluminium.

Agri commodities prices traded mixed with Mentha oil stood as top gainer. Mentha oil Mar future traded over half per cent. Kapas Apr future traded up by 0.20% and Cotton Mar delivery down by 0.09%.CPO Mar traded lower by 0.93% at Rs.1044 per 10 kg.

Oil extended losses ahead of a key OPEC+ meeting scheduled this week that may see major producers increasing their supply after recent spurt in the prices that took the WTI futures to a 13 month high. On MCX, Crude oil Mar future traded down by 0.99% at Rs. 4407 per barrel.

Gold prices started with weak note and traded down by 0.40% at Rs.45125 per 10 gms. Silver prices down over 1% .





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