Precious metals prices are trading lower on MCX today. We expect a further liquidation in the prices of precious metals on account of a stronger US dollar overseas. Thereby, losses on Indian bourses seem to be limited.
Industrial metals prices are trading lower on international bourses today. We expect prices to remain weak on account of weak economic data by releases by China and a stronger US dollar against major currencies. Selling on rise is recommended for the day.
Crude oil prices are trading firm on MCX today. We expect prices to remain firm on account of fresh supply worries in oil.
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