On CMX, precious metals were trading higher in the morning session on the back of last evening’s couple of weak economic data but later on erased its gains and trading flat as we write this. Active Gold contract is trading at $1327.00, down a dollar whereas Silver is losing 0.69% or 14 cents to trade at $20.01 an ounce. On LME, base metals are tumbling since morning and continued their last session decline due to weaker outlook for industrial metals from China. 3-month Copper is leading the metals group, losing almost a percent or 57.75 points to trade at $6953.75, followed by rest of the metals. On NYMEX, energy prices are trading in red since morning with Crude Oil trading at $104.73, lower by 0.71% or 75 cents and Natural Gas is losing 0.16% to trade at $3.639 per mmBtu. On domestic bourses, commodities are declining sharply with the help of a stronger rupee against the dollar which appreciated 0.29% to trade at Rs 58.94.
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