Commodity prices on the Multi Commodity Exchange (MCX) are largely trading in the red today, with broad-based weakness across bullion and base metals. Natural gas is the biggest loser in the early session.
🔹 Precious Metals
- Silver: ₹236,022 per kg, down 3.41%
- Gold (GOLD1): ₹1,54,350 per 10 gm, down 0.99%
Silver is witnessing sharper selling pressure compared to gold, likely reflecting higher volatility and global risk adjustments in precious metals.
🔹 Base Metals
- Copper: ₹1,193.45 per kg, down 1.33%
- Zinc (ZINC1!): ₹321.45 per kg, down 0.66%
Base metals are tracking the weakness in global markets, as softer macro sentiment and cautious positioning weigh on prices.
🔹 Energy
- Crude Oil: ₹5,712 per barrel, down 0.19%
- Natural Gas (NATUR): ₹274.3 per mmBtu, down 6.73%
Natural gas is under heavy pressure, extending losses amid demand concerns and global price adjustments. Crude oil, however, is relatively stable compared to other commodities.
Overall, MCX is witnessing a risk-off tone today, with precious metals and natural gas dragging the commodity basket lower.