Gold prices rose by Rs 85 to Rs 27,185 per ten gram in the national capital today as buying activity picked up at prevailing level amidst a firming global trend. Silver also traded higher by Rs 250 to Rs 41,000 per kg on increased offtake by industrial units. Traders said increased buying by stockists after demand from jewellers picked up at current levels and a better trend in the global markets influenced the precious metal prices.
Oil prices extended their gains in Asia Tuesday as investors cheered robust economic data from US, China and Japan, with the breakdown of initial Ukraine-Russia talks to avert a gas cut-off also boosting prices. US benchmark West Texas Intermediate (WTI) for July gained 26 cents to $104.67 a barrel by midday after jumping $1.75 in New York on Monday. Brent North Sea crude was up 16 cents to $110.15 for its July contract after leaping $1.38 in London trade.
Nickel futures today traded lower by 0.38 per cent to Rs 1,116.20 per kg largely in tune with a weakening trend overseas amid subdued spot demand. At the Multi Commodity Exchange, nickel for delivery in June weakened by Rs 4.30 paise, or 0.38 per cent, to Rs 1,116.20 per kg in business turnover of 1,032 lots. Similarly, the metal for delivery in July traded lower by Rs 4.20, or 0.37 per cent, to Rs 1,121.50 per kg in 20 lots.