Gold is trading at 1269.10 an ounce, up 4.80 on COMEX whereas domestic prices are higher by nearly a percent at 29785.0, up 261.0. COMEX Silver is higher by 0.835 to 19.93 an ounce where silver traded on MCX is up 1.30% or 579.0 to trade at 45270.0 per kilogram. Intraday bias is positive for both metals. Base Metals are having a mixed trading session with three month LME Copper futures trading at 7208.75, up 0.39% today while Nickel is down 145.0 or 1.0% to 14345.0 per ton. The intraday bias is positive for base metals. Crude Oil is higher by 34 cents to trade at 96.98 per barrel while Natural Gas extended its gaining momentum in the fourth day gaining 3.40% or 17 cents to 5.35 per mmbtu. On MCX, oil is up 45 points or 0.74% to trade at 6150.0 while Natural Gas is up over 6% to trade at 338.40. The intraday bias for oil is neutral and negative for Gas. The rupee has weakened to 63.14, depreciating 43 paise or 0.69% as the time of writing this; a weakening rupee has a positive effect on domestic commodities.
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