Bullion: Gold futures on local exchanges rose tracking an over 1.5% fall in rupee against the dollar, even as parent contract on COMEX fell on continued profit sales.
MCX Dec Intraday Levels are:
Resistance: 31480/31550/31700/31840
Support: 31050/30900/30740/30500
Metals: Base metal futures on the MCX were trading lower mirroring trend on the London Metal Exchange, where prices fell due to a firm dollar against the euro, and on concerns over demand from China. Support for November copper is seen at Rs 428 while resistance is seen at Rs 438.
Energy: Crude oil futures on MCX were trading slightly lower tracking the fall in benchmark contracts on the New York Mercantile Exchange, Weak rupee pushes up oil futures, as it makes import of dollar-denominated commodities like crude oil expensive.
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