Commodities on the Multi Commodity Exchange (MCX) were trading with a positive bias in early trade on Thursday, February 19, with natural gas leading the gains while silver, crude oil and copper also edged higher.
Natural gas was the top gainer in the commodity pack, rising 2.42% or ₹6.5 to trade at ₹275.4. Crude oil also remained firm, climbing 0.75% or ₹44 to ₹5,947, tracking strength in global oil prices amid supply-related concerns.
Among precious metals, silver traded at ₹2,45,554, up 0.53% or ₹1,286. Gold (Gold1) was marginally higher at ₹1,55,933, gaining 0.11% or ₹172. The uptick in bullion prices comes after recent volatility in global markets as traders assessed US Federal Reserve commentary and geopolitical developments.
Base metals showed mixed trends. Copper was up 0.33% or ₹3.95 at ₹1,185.30, while zinc slipped 0.09% or ₹0.30 to ₹324.85.
Overall, the MCX commodity complex remained broadly positive, with energy and precious metals providing support to the market in early trade.