Bullion: Gold futures were marginally lower on domestic exchanges, in line with the trend on the MCX.
Metals: Base metal futures on the MCX traded higher tracking a similar movement in parent contracts on the London Metal Exchange, where prices rose on bargain buying and following encouraging data from China.
Energy: Domestic crude oil futures traded with a positive bias tracking a similar movement in benchmark contracts on the New York Mercantile Exchange, where prices gained marginally on bargain buying.
Precious metals prices are trading lower on MCX today. In the evening session we have the Initial claims and unemployment rate data to be released by the US. Industrial metals prices are trading a tad lower on International bourses today. We expect prices to trade firm for the day on account of positive economic data from China and US. Crude oil prices are trading lower on MCX today. We expect prices to bounce back on account of positive economic data and firm Asian equity indices.
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