Today’s scrap metal market reflects ongoing volatility, with slight fluctuations in prices driven by both global and local market forces. Tracking these daily movements helps traders and manufacturers stay competitive.
KEY UPDATES ON MCX:
- MCX COPPER: Copper prices saw a slight decrease from yesterday’s closing rate of ₹807.9 to today’s opening of ₹804.6. This drop of ₹3.3 represents a decline of approximately 0.41%.
- MCX ZINC: Zinc opened today at ₹267, a small dip from yesterday’s closing price of ₹267.5. The ₹0.5 decrease reflects a modest 0.19% drop.
- MCX ALUMINIUM: Aluminium experienced a slight reduction in price, with today’s opening at ₹229.4, down from yesterday’s closing rate of ₹229.9. This ₹0.5 difference corresponds to a 0.22% drop.
- MCX CRUDE OIL: Crude oil opened today at ₹5950, a slight decrease from yesterday’s closing price of ₹5989. This ₹39 drop marks a 0.65% decline.
- MCX NATURAL GAS: Natural gas opened today at ₹194.6, down from yesterday’s closing rate of ₹196.5. This ₹1.9 decrease represents a 0.97% decline.
- MCX SILVER: Silver saw a minor drop in price, with today’s opening at ₹88,934, down from yesterday’s closing rate of ₹89,140. The ₹206 decrease marks a 0.23% fall.
- MCX GOLD: Gold opened slightly higher today at ₹73,199 compared to yesterday’s closing price of ₹73,094. The ₹105 increase results in a 0.14% rise.
MARKET INSIGHTS:
Scrap metal prices fluctuate based on several factors, including global trade policies, recycling rates, and regional demand. With continuous volatility in international markets, it is crucial for buyers and sellers to monitor these price movements closely to make informed decisions.
For accurate updates on the metal scrap prices today, visit Shree Metal Prices daily for the latest market trends and forecasts.
