Precious metals are trading marginally positive with Gold trading up by 0.30% and Silver trading higher by 0.15% at 1243.0 and 19.15 an ounce. Support for Gold is around 1240.0 and that for Silver comes around 19.0 level and we expect prices to trade with a negative bias in the following hours. Base metals on LME are trading in red with nominal declines, 3-month Copper is at 7042.0, down by meager 2 points or 0.03% and Zinc is lower by 0.90% at 1957.0. Intraday bias remains negative for base metals. Crude Oil prices are trading lower by 0.60% at 96.16 and Natural gas prices are down by 2% at 4.83. We expect Crude Oil prices to trade lower while Natural gas prices may move higher from the current level.
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