Bullion: Gold futures on domestic exchanges fell today as the rupee's continued rise against the US dollar weighed on prices. However, the downside in the precious metal was limited as futures on COMEX rose due to dollar's fall against the euro.
Energy: Crude oil futures were trading over 3% lower on the MCX tracking the fall in benchmark contracts on the New York Mercantile Exchange, and a firm rupee against the US dollar. Crude oil prices tend to fall on firm rupee against the dollar, as it makes import of the commodity cheaper. The NYMEX crude oil futures declined on firm dollar against the euro.
Metals: Base metals were trading lower on MCX tracking parent contracts on the London Metal Exchange, where prices fell amid thin volumes, and on a strong dollar against the euro. Prices on the MCX were also in red as the rupee rose against the dollar. Base metal prices fell on the back of strength in the dollar index along with weak economic data.
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