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Commodity outlook: Base metals jump; here is how

others may fare today

Base metals jumped as China’s central bank said it would inject 1.2 trillion yuan ($174 billion) worth of

liquidity into the markets via reverse repo operations on Monday. China is the biggest consumer of these

metals.

Nickel gained 0.28 per cent to Rs 946.70, while copper was up 0.41 per cent to Rs 428.10. Zinc mini edged up

0.49 per cent to 174.85.

Gold and silver, however, saw profit booking. Gold futures fell 0.40 per cent to Rs 41,039 per 10 gram and

silver futures shed 1. ..

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