Barring copper and crude oil, everything else rose on MCX on Thursday as the US administration signalled that another round of stimulus was imminent.

Gold rose 0.28 per cent while silver gained 0.96 per cent. Copper dipped 0.18 per cent while its base metal peers advanced up to a per cent. Meanwhile, crude oil dipped 0.13 per cent and its peer natural gas was up 1.95 per cent.

NCD

NCDEX Agridex, an agricultural futures index that tracks the performance of the ten liquid commodities, was down 0.88 per cent or 9.55 points at 1,084.20 led by gains in guar gum and guar seed.

Here is how SMC Global expects commodities to fare today:

Bullion: Bullion counters may extend the rally where gold may test Rs 55,600 and take support near Rs 54,700 while silver may test Rs 73,600 and take support near Rs 69,800.

Base metals: Base metals may trade sideways with a bullish bias. Copper can move towards Rs 515 and take support near Rs 507. Zinc may move towards Rs 192 and take support near Rs 187. Lead can move towards Rs 155 while taking support near Rs 151. Nickel trade bullish bias where it may take support near Rs 1,060 and resistance near Rs 1,120. Aluminum may move towards Rs 148 while taking support near Rs 144.