In the bullion futures market, the most traded Gold June contract on the MCX ended at Rs.29410/10gms. May Silver ended at Rs.41505/Kg on Thursday.
The Gold June contract open interest Rose by 1.27% from the previous day. Volumes of Gold June contract however fell by 5.60% from the previous day.
International Gold held steady on Friday morning in Asian trade with tensions surrounding upcoming French elections underpinning the safe-haven demand, but the yellow metal was on track for its first weekly drop in six.
Indian gold prices could open steady, tracking steady overseas prices. A weaker Rupee could limit downside of prices. Silver could remain range bound to weak intraday.
In the base metal futures market, the most traded Copper April contract on the MCX is trading at Rs.364.7/kg on Friday morning of 11:07 AM. Base metals on MCX were trading firm on Friday morning, tracking firm SHFE metal markets.
OI of Copper April contract fell by 7.23% on Thursday. Base metals could trade range bound to firm this Friday morning tracking gains in the SHFE metal markets.
Oil traded steady on Friday in Asian trade. However, prices were set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more than two years. Investors now await Oil Rig count data due tonight. tonight.
Domestic markets are trading marginally on Friday morning. The most traded Crude May contract on the MCX was trading at Rs.3296/barrel on Friday morning of 10:19 AM IST. OI of Crude May contract rose by
International Natural gas prices are trading flat on Friday morning in Asian trade. Domestic prices are also trading flat on Friday morning.
OI of MCX Nat Gas April contract fell by 13.08% on Thursday. Volumes of MCX Nat Gas April contract also fell by 17.47% on Thursday.