Bullion: Gold futures contracts pared early gains on the MCX tracking the strong rupee against the dollar. However, the rise in COMEX futures contracts lent support to local prices. Gold futures on COMEX were slightly higher, but market sentiment was cautious ahead of the US presidential election results later.
Energy: Domestic crude oil futures gained tracking benchmark contracts on the New York Mercantile Exchange, where prices edged higher on expectation of some improvement in crude oil demand after refineries resumed operation in the US East Coast. However, sharp gains were capped due to strength in the US dollar against the euro and as market remained cautious ahead of the US elections later.
Metals: Base metal futures on the MCX were trading higher tracking similar movement in benchmark contracts on the London Metal Exchange, where prices rose on bargain buying. Fall in stocks of metals at LME-monitored warehouses also supported sentiment in the market. In the domestic market, metals traded higher but appreciation of the rupee against the dollar limited a sharp upside.
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