Silver is the top loser, while Copper is the top gainer so far.
MCX Gold February futures closed down 0.57 percent at Rs 27,750 per 10 grams.Local spot prices are approaching their two year lows and buying can pick up soon if this level holds on for a while.
Further losses from here can take yellow metal towards INR 27,700 and 27,650 per 10 grams.
Natural Gas is the top gainer, while Gold, Silver, Crude Oil are flat.
COMEX Gold is up about half a percent to trade at $ 1,179 per ounce right now, up 0.20 percent on the day.
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Technical comment for the day: Copper