Precious Metals are trading in red right now after erasing gains seen in the morning session. Gold tested a high of 1399.90 and is trading at 1378.10, down 5.9 or 0.43% and Silver is down 6 cents to trade at 22.51 an ounce; silver tested a high of 22.91 earlier. On MCX, the weaker rupee is limiting downsides in bullions and we find Gold higher by 50 odd points at 26138.0 and Silver at 43300.0 at present. The bias for precious metals is weak for intraday. Base Metals are higher today, supported by rupee. LME Copper is trading at 7392.0 while Nickel is at 15071.0 a ton. The bias for precious metals is positive. Crude Oil is down 41 cents at 96.30 a barrel while Natural Gas is high by 0.61% at 4.11.
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