Commodity markets were trading higher in early Friday trade (Feb 13), with precious metals leading the rebound after recent sharp declines.
Precious metals rebound
Silver futures were trading at Rs 2,41,408 per kg, up Rs 4,973 or 2.10%, tracking a strong recovery in global prices after heavy selling earlier this week.
Gold futures rose to Rs 1,54,330 per 10 grams, gaining Rs 1,494 or 0.98%, supported by bargain buying after slipping to near one-week lows globally.
Base metals extend gains
Copper futures advanced to Rs 1,219.60 per kg, up Rs 13.30 or 1.10%, mirroring positive momentum in global base metal markets.
Zinc futures edged higher to Rs 323.90 per kg, up 0.17%, reflecting steady demand cues.
Energy mixed
Crude oil futures climbed to Rs 5,700 per barrel, up 0.25%, amid firm global oil prices.
However, natural gas futures declined to Rs 290.0, falling 1.43%, bucking the broader commodity trend.
Overall, the commodity complex is witnessing a rebound led by precious metals, while energy and base metals show mixed but positive bias in early trade.