Despite sharp decline in global prices, gold futures traded in red terrain but with marginal change, while silver futures dropped by more than two per cent on heavy selling triggered by overseas fall. The big concern for market still remains Middle-East unrest.
Base metals displayed substantial bearish sentiment during the second half of trading on Multi Commodity Exchange (MCX) Friday. Steep downtrend of the last session continued to copper and nickel as both the metals lost nearly 2.5 and 3 per cent respectively tracking sharp decline at the LME counter. LME prices fell following massive earthquake in Japan. Aluminium March contract traded at Rs 113.45 per kg, down Rs 2.95 and moved in the range of Rs 116.10- 113.10 per kg. Volume was recorded 5,780 lots. Copper April futures quoted at Rs 414.00 per kg, down Rs 8.10 and traded in the range of Rs 422.40- 411.60 per kg. Total volume so far recorded 84,898 lots. Lead March traded at Rs 110.05 per kg, down Rs 2.40 and traded between Rs 113.00- 109.40 per kg. Total volumes recorded 15,787 lots. Nickel March contract traded at Rs 1,164.40 per kg, down Rs 21.60 and traded between Rs 1,195.00- 1,151.90 per kg. Total volumes recorded 32,251 lots. Zinc March contract traded at Rs 102.40 per kg, down Rs 1.50 and traded between Rs 104.00- 101.50 per kg. Total volume recorded so far 16,020 lots. |
