Precious Metals are trading marginally lower today, Gold futures traded on COMEX are down 0.51% to 1379.50 an ounce while Silver is also losing 13 cents or 0.59% to trade at 22.52 an ounce. Domestic prices are also lower with Gold at 26000.0 per ten grams, losing 140 points and Silver at 42942.0 per kilo, down 322 points since morning. Prices are trading near support levels and likely to trade with a neutral to negative bias. Base Metals are up in green since morning, Copper traded on LME is up almost a percent at 7325.0 a ton while on MCX, the metal is up 3.50 at 404.0 at the time of writing this. The rest of the metals are also higher over half a percent each since morning. Base Metals are likely to extend gains into the evening. Crude Oil is trading at 95.68, up 52 cents per barrel and Natural Gas is trading at 3.92 per mmbtu, slightly in green. Oil prices are trading with a positive bias and should move higher to test resistance at 96.5-97.0 in the evening. The rupee is trading at 54.82, weaker by 4 paise against the dollar the time of writing this.
Key Economic Releases: UoM Consumer Sentiment
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