Outlook: In today's trade, precious metals are expected to trade on a negative note on the back of declining trend in SPDR gold holdings. Further, US lawmakers struggling to solve its debt ceiling issue coupled with weak market sentiments will act as a negative factor. However, sharp downside in prices will be prevented as a result of weakness in the DX. In the Indian markets, depreciation in the Rupee will cushion sharp downside pressure in prices.
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