Commodities Market Wrap:
The commodities market showed mixed momentum with sharp gains in silver and copper, while gold witnessed mild profit-booking. Silver Futures surged 3.89% to 19,966, emerging as the top performer amid strong buying interest. Industrial metals also stayed firm with Grade A Copper rising 1.38% to 13,135.11, while Copper Futures added 0.55% to 1,249.65, signalling steady demand outlook.
On the precious metals front, 1-Ounce Gold Futures declined 0.56% to 5,051.25, reflecting short-term consolidation after recent highs, although standard Gold Futures edged up 0.55% to 1,122.00, indicating mixed positioning across contracts.
Aluminium traded largely subdued with Aluminium High Grade down 0.53%, Aluminum Futures slipping marginally by 0.04% and 0.37% across contracts, while Aluminium Mini Futures posted a mild gain of 0.14%.
Among other metals, Cobalt Futures remained nearly flat (-0.02%), while Cobalt Metal Futures gained 0.31%, pointing to stable but range-bound trade.
Overall, the commodities space reflected strength in silver and copper driven by industrial demand, while gold and aluminium showed consolidation, indicating a mixed but stable metals market trend.
