Crude oil prices hit a two year high, with MCX prices trading at 3,835 levels. Natural Gas witnessed volatility in today’s trade. It gave a gap up opening and prices were trading at 4% higher at 177 levels.
Prices of Jeera & Turmeric, the common spice, were trading up by Rs.100/quintal at the wholesale kirana market in the New Delhi, Tuesday, mostly aided by increased buying by retailers & stockists in spite of low stocks.
Oil prices on Friday dipped away from some of its highest peaks since 2015, weighed down by rising U.S output and the likely January re-opening of the Forties pipeline in the North Sea.
In spite of the removal of the stock limit on sugar on Tuesday, the prices of sugar have not been improved much. Short of demand on account of winter season and expectations of higher
At the MCX, copper for delivery in April edged higher by 35 paise, or 0.08%, to Rs 452.10 /kg in a business turnover of 10 lots. Similarly, the copper for delivery in Feb was trading higher by 10 paise or 0.02% to Rs 448.55 /kg in 1,395 lots.
Zinc: Zinc prices have been trading up by 0.27% to Rs 206.10 /g in futures trading as traders generated fresh positions, taking positive cues from the spot market on the uptick in demand. At MCX, Zinc for delivery in January traded higher by 55 paise, or 0.27%, to Rs 206.10 / kg in a business turnover of 35 lots. The zink for delivery in Dec edged up by 50 paise, or 0.24% to Rs 205.85 /kg in 592 lots.
Nickel: Nickel prices rose up by 0.27% to Rs 754.20 /kg in futures trade since speculators generated fresh positions along with a pickup in demand in the spot market. At the MCX, nickel for delivery in Dec traded higher by Rs.2, or 0.27% to Rs 754.20/kg in a business turn-over of 947 lots. The Nickel for delivery in January edged up by Rs 1.80, or 0.24 % to Rs 759.10 /kg in 47 lots.