Silver prices also followed gold and fell by 4.24% to trade at $10.91 an oz in early Monday trade.
Base metals prices declined around one per cent on Friday after the decision of the Organization of the Petroleum Exporting Countries (Opec) to not cut crude oil output to arrest a price fall.
Oil prices fell further in Asia today to new multi-year lows, continuing a steep selloff sparked by OPEC's decision to maintain crude output in an oversupplied market.
Natural gas, which has gained significant speculative attention six months ago on the Multi Commodities Exchange (MCX), has now lost the luster with sharp fall in prices.
Copper prices fell by 0.75% to Rs 400.25 per kg in futures trade today after speculators trimmed positions on a weak global trend.
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