MCX Crude palm oil futures, Gold see downtrend

On the Multi Commodity Exchange (MCX), Crude palm oil futures were traded lower amid subdued Indian demand and weak global cues. Further, higher import figures, increased stock piles as well as lower tariff value weighed on the commodity.

The MCX Crude palm contract for April delivery was lastly traded at  down by 0.02% at Rs533.60from its previous closing of Rs533.70, while the contracts’ open interest stood at 536 lots. The contract for delivery in May was trading at Rs535.60, down 0.22pc from its previous closing of Rs536.80, the open interest of which was stood at 5107 lots on the Multi Commodity Exchange.

Meantime, Gold futures contract also edged down on MCX. The Gold future contract for June delivery traded at Rs31852.00, down by 0.27pc or from its previous closing of Rs.31,939/-

The contract for August delivery was trading at Rs 32013.00, down by 0.31% or Rs 99.00 from its previous closing of Rs 32112.00. The open interest of the contract stood at 3624 lots on MCX.

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