The commodity futures market began new Samvat year 2066, the year according to the Hindu calendar, on a positive note with bullion and select agricultural contracts clocking good volumes in one—hour Muhurat trading session.
As much as 2,754 kg gold and 72,540 kg silver were traded in the December futures contract at MCX, the country’s leading commodity exchange.
The most-active December contract in gold closed up by 0.11 per cent at Rs 15,848 per ten gram and the silver contract for December delivery ended at Rs 26,930 per kg.
“Traders’ participation at MCX was good in gold and silver futures contracts, though international market was closed today,” an analyst with Hyderabad-based commodity brokerage KarvyComtrade said.
Many investors opened new trades, especially in bullion, during the one-hour trading session, he said.
However, base metals like zinc, lead, copper, nickle remained subdued due to lack of demand.
The trader’s participation in most agricultural commodities at NCDEX and NMCE was poor although active trade was seen in soyabean, soya oil and guarseed contracts at the NCDEX platform.
