Commodities were trading largely in the red on MCX during the morning session, reflecting weakness in global cues and cautious sentiment ahead of key macro triggers.
Silver futures were down 1.11% at Rs 2,37,218 per kg, declining by Rs 2,673. Gold futures slipped 0.55% to Rs 1,53,907 per 10 grams, falling Rs 853. The weakness in precious metals comes amid a steady dollar and lingering uncertainty around the US Federal Reserve’s rate trajectory.
Among base metals, copper futures were down 0.50% at Rs 1,192, losing Rs 6.05, while zinc declined 0.48% to Rs 319.60, down Rs 1.55. Crude oil futures were also trading lower by 0.38% at Rs 5,769, slipping Rs 22.
In contrast, natural gas bucked the trend, rising 0.86% to Rs 281.9, up Rs 2.4, supported by short-covering and supply-side factors.
Overall, the broader commodity pack remains under pressure, with traders closely watching global economic data and policy signals for further direction.