Commodities ranging from metals like silver, copper, zinc and aluminum to coriander, cottonseed and guar gum saw declines mainly due to weak demand on Monday.
Contrary to the drop in demand for these commodities, gold and crude oil saw their prices increase.
Cottonseed meal prices fell by 53 rupees to 2,720 rupees per quintal in futures trading on Monday as participants reduced their bets following a weak trend in the spot market.
On the National Commodities and Derivatives Exchange, cottonseed meal for June delivery fell Rs53 or 1.91% to Rs2,720 per quintal with open interest at 4,240 lots.
Analysts said participants selling off at existing levels amid a subdued market trend mainly weighed on cottonseed meal prices.
Coriander prices fell from 300 rupees to 11,120 rupees per quintal in futures trading on Monday as speculators reduced their exposure amid weak demand in the spot market.
Similarly, aluminum prices today fell by Rs 1.95 to Rs 213.40 per kilogram in the futures market as participants reduced their positions on a weak trend in the spot market.
On the Multi Commodity Exchange (MCX), aluminum for June delivery fell by Rs 1.95 or 0.91% to Rs 213.40 per kg in 2,759 lots.
Analysts said the reduction in positions by participants on easing demand from consuming industries mainly kept aluminum prices lower.
Silver futures also fell from Rs 174 to Rs 60,763 per kilogram as participants reduced their bets on weak demand.
On the MCX, silver contracts for July delivery fell by Rs 174 or 0.29% to Rs 60,763 per kg in turnover of 11,337 lots.
Globally, silver was trading down 0.05% at $21.67 an ounce in New York.
Guar gum prices fell from Rs 176 to Rs 10,426 per five quintals in the futures market as traders unloaded their holdings in line with a weak spot market trend.
On the National Commodity and Derivatives Exchange (NCDEX), guar gum for June delivery fell by Rs 176 or 1.69% to Rs 10,426 for five quintals in 190 lots.
Traders said weak demand in the spot market and ample supply from growing regions put pressure on guar gum prices.
In stark contrast, gold prices rose by Rs 19 to Rs 50,853 per 10 grams on Monday in futures trading as speculators created new positions on firm spot demand.
On the MCX, gold contracts for August delivery traded up Rs 19 or 0.04% at Rs 50,853 per 10 grams in a turnover of 12,738 lots.
New positions formed by participants led to higher gold prices, analysts said.
Globally, gold was trading up 0.13% at $1,843 an ounce in New York
However, zinc prices fell 0.58% to 309.55 rupees per kilogram in futures trading as speculators reduced their exposure on negative signals from the spot market.
On the MCX, zinc contracts for June delivery traded down Rs 1.80 or 0.58% to Rs 309.55 per kg in 1,048 lots.
Analysts said the unloading of positions by participants, due to slowing demand from consuming industries in the physical market, mainly weighed on zinc prices.
Copper futures also fell 8.75 rupees to 732.40 rupees per kilogram as participants reduced positions amid weak domestic demand.
On the MCX, copper contracts for June delivery fell by Rs 8.75 or 1.18% to Rs 732.40 per kg in turnover of 3,966 lots.
Analysts said the reduction in positions by speculators amid weak demand in the spot market mainly drove down copper prices in futures trading.
Crude oil prices rose by Rs 94 to Rs 8,467 a barrel on Monday as participants widened their positions on firm spot demand.
On the MCX, crude oil for July delivery traded up Rs 94 or 1.12% at Rs 8,467 a barrel in 3,978 lots.
Analysts said increased betting by participants kept crude oil prices higher in futures trading.
Globally, West Texas Intermediate crude oil rose 0.07% to $109.64 a barrel, and Brent crude traded up 0.06% to $113.19 a barrel at New York.