Precious Metals are trading slightly lower this morning; gold is down 2.50 at 1312.20 while silver is down 7 cents to trade at 21.62 on COMEX. prices in the domestic market have fallen further due to the rupee which is down 0.71% to 62.06 against the dollar – gold is down 195.0 points and silver is losing 400 points to 29626.0 and 47851.0 respectively. Base Metals on LME are also trading in red today with Nickel being the only exception – three month copper futures are at 7160.0, down 5 points from the previous close. MCX Copper is losing 1.10 to trade at 446.50 as we write this. Crude Oil and Natural Gas prices are trading at 94.46 and 3.41, down 0.17% and 1.02% respectively. Crude Oil on MCX is down half a percent to trade at 5860.0 whereas Natural Gas is down 1.075 to trade at 212.0.
No Major Economic Releases.
No Major Economic Releases.
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