Gold prices may open on firm note tracking firm opening in international markets. Spot gold rose 0.7% on Monday, extending the previous session`s 1.2% rise. Base metals may remain under selling pressure and can trade lower. Copper may trade in range of 410-419 on domestic bourses. Crude oil prices can also dip lower. Crude oil prices can again test 4,100 in domestic market.
Industrial Metals continued to witness mixed movement last week even as Copper, Lead and Zinc ended on a lower note while Aluminium and Nickel managed to close in positive territory.
Industrial Metals continued to witness mixed movement last week even as Copper, Lead and Zinc ended on a lower note while Aluminium and Nickel managed to close in positive territory.
Copper prices hit highs of $8880 a ton at LME but pared all its gains to end the session $125 or 1.42% lower at $8696 a ton.
Base Metals may witness very volatile movement this week.
NYMEX crude falls more than $1 Monday amid choppiness in equity markets and stronger US dollar.
NYMEX crude rose 0.8% last week marking its fourth weekly gain.
NYMEX natural gas fell 2.7% last week erasing all the gains noted a week ago.
Natural gas fell last week amid mixed weather forecasts and bigger than expected rise in stocks.
NCDEX Agri Commodity Market Updates:-
Base Metals may witness very volatile movement this week.
NYMEX crude falls more than $1 Monday amid choppiness in equity markets and stronger US dollar.
NYMEX crude rose 0.8% last week marking its fourth weekly gain.
NYMEX natural gas fell 2.7% last week erasing all the gains noted a week ago.
Natural gas fell last week amid mixed weather forecasts and bigger than expected rise in stocks.
NCDEX Agri Commodity Market Updates:-
Pepper futures may trade firm holding the gains. Cardamom is likely to remain sideways on the back of higher arrivals and weak demand. Turmeric futures may continue to remain sideways on slack demand and higher availability. Jeera futures may remain sideways. Mentha oil futures may hold gains taking support above 1,240 levels. Chana futures making a life time high may remain upside. Soybean futures may continue to track the bearish price movements of U.S soybean prices.
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