MCX Watch on Crude Oil and Base Metals, Latest Commodity updates

MCX Crude Oil Tips

Mixed trends Crude oil and base metals in the Multi Commodity Exchange (MCX) on Friday after market players either reduced or enlarged positions amid respective trends in global markets.

As per news feeds, on the MCX Crude oil futures declined 0.15% to Rs 4,036/Bbl on Friday after participants reduced positions amid a weak trend in global markets. The crude oil for delivery in Sept shed Rs.6, or 0.15%, to Rs 4,036 per barrel with a business volume of 27,291 lots.

Gold prices advanced 0.21% to Rs38,925 per 10 gram in the futures trade o today as speculators broadened their bets, tracking a strong trend overseas. Gold for delivery for October contracts on the MCX traded higher by Rs 122, or 0.21% to Rs 38,925 per 10 gram in a business turnover of 2,987 lots, while December delivery too traded higher by Rs.111, or 0.28%, to Rs 39,438 per 10 gram in a business turnover of 251.

Silver futures traded 0.7% higher at Rs.46,637 per kg as speculators generated fresh positions amid a firm trend at the spot market. Silver contracts for Sept delivery traded higher by Rs325, or 1.02%, at Rs 46,637 per kg in a business turnover of 5,117 lots at the MCX.

Copper futures declined 0.03% to Rs 444.80 per kg in futures trade after speculators reduced positions along a weak trend overseas. copper for delivery in Sept declined 15ps, or 0.03%, to Rs 444.80 per kg in a business turnover of 2,089 lots.

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