Precious metals are trading marginally lower with the most actively traded Gold contract trading at 1317.20 an ounce, lower by 60 cents and Silver is trading down by 0.11% at 21.99 an ounce. The overall outlook remains bearish on precious metals but we can see some intraday gains on back of short covering. Base metals are trading in red with Copper trading at 7093.0, down by just 5 points and Lead is leading the laggards by a decline of 0.50% at 2046.0. Bias for base metals stands negative and we can see prices drifting lower in coming sessions. Energy prices on NYM are trading mixed with Crude Oil trading at 106.1, -0.45% while Natural Gas is up by 0.67% at 3.76.
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