Bullion: Gold futures on local exchanges were firm on depreciating rupee against the dollar. On COMEX, the benchmark December gold contract was at 1,776.80 an ounce, up $1.10 from the previous close, as investors turned to the yellow metal for its safe-haven appeal amid rising concerns over global economic slowdown.
Energy: Crude oil futures on MCX were trading up more than 3% tracking the rise in benchmark contracts on the New York Mercantile Exchange. Crude oil futures prices added to gains at midday on concerns over the border dispute between Syria and Turkey, worries surround whether 400,000 b/d of oil shipped to Turkey from Iraq's northern Kurdistan region could be at risk in the border skirmish.
Metals: 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. Metal futures witnessed a subdued movement due to
consolidation in prices after Monday's fall.
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