Precious metals prices are trading firm on MCX today. We do not expect any major fall in the prices of bullions on account of the ongoing loose monetary policy by US Fed. Buying at dips is recommended for the day.
Industrial/Base metals prices are trading lower on international bourses today. We expect metals prices to remain under pressure on account of higher output from China and low physical demand. Selling on rise is recommended for the day.
Crude oil prices are trading a tad higher on NYMEX today. We do not expect any major rise in the prices of oil on account of higher inventory at key ports. Selling on rise is recommended for the day.
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