MCX Commodity Watch on Energy and base metals – MCX quotes on Crude oil futures, Gold Futures and Silver Futures, keep on track:
Crude oil Futures: Crude oil prices dipped 0.78% to Rs.4,300-pb on Friday amid weakness in global markets. The prices globally had dropped by 0.78% in the previous session amid current weakness in global markets and worries on tepid oil demand growth.
At the Multi Commodity Exchange (MCX), crude for delivery in April contracts dipped by Rs34, or 0.78% to Rs.4,300 per barrel in a business turnover of 22,965 lots.
Gold Futures: Gold prices advanced 0.02% Rs31,774 per ten gram in futures trade Friday, on strong domestic trend. At the MCX, gold for delivery in June stood up by Rs6, or 0.02% to Rs.31,774 per ten gram in a turn-over of 641 lots.
Silver futures: Silver futures traded higher by 0.49%at Rs 37,652 per kg Friday driven by a firm
At the MCX, silver for delivery in May was up by Rs.184, or 0.49% at Rs.37,652 per kg, while Silver metal to be delivered in July also rose by Rs.172, or 0.45%, to Rs.38,163 per kg in 1243-lots.