Bullion: Gold futures on domestic exchanges declined as the rupee was strong against the US dollar. The downside in local futures was limited because of the rise in international contracts. On the COMEX, gold futures gained slightly due to bargain buying after the decline in prices Friday. Weakness in the US dollar against the euro also boosted the prices of the metal.
Energy: Domestic crude oil futures were trading lower due to a firm rupee against the US dollar, but the rise in benchmark contract on the New York Mercantile Exchange limited the downside. NYMEX oil futures gained on bargain buying and weakness in the US dollar against the euro.
Metals: Base metal futures on the MCX traded lower tracking similar movement in benchmark contracts on the London Metal Exchange and firm rupee against the US dollar. LME metal contracts declined on firm US dollar against the euro and on demand concerns mainly from China, where monetary stimulus seems unlikely in near term.
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