In base metals, copper fell to a three-week.
Oil futures climbed, supported by tight supplies despite expectations that Opec and its allies will pump more crude in the second half.
Here’s a wrap-up of the commodities in the domestic market today.
Gold: MCX gold (August) has a key support at Rs 31,200-31,100 levels. Motilal Oswal Securties believes a pullback is expected as long as it holds these levels, while the upside is capped at around Rs 31,500-31,600 levels.
Crude oil: The commodity is expected to trade in a tight range of Rs 4,460-4,580 on the MCX. The brokerage expects sideways consolidation.
Natural Gas: It remained bearish below Rs 203 level. MOSL advises that immediate is at Rs 198.50 while support is at Rs 194 level.