Bullion: Precious metals are trading marginally higher on MCX today. Gold futures on local exchanges were firm on depreciating rupee against the dollar. We expect prices to trade higher for the day on account of gloomy outlook for global growth.
Metals: Industrial metals are trading higher on International bourses toady. Base metal futures on the MCX traded mixed tracking similar movement on the London Metal Exchange. Copper, zinc and lead rose on bargain buying, while nickel and aluminium traded marginally weak on long unwinding. We expect prices to trade mixed for the day.
Energy: Crude oil is trading lower on MCX today. Crude oil futures on MCX were trading up more than 3% tracking the rise in benchmark contracts on the New York Mercantile Exchange. We expect prices to trade lower for the day.
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