Gold erased its earlier decline and gained smartly towards mid-European trade after the Swiss National Bank cut the interest rate to minus 0.75 per cent and scrapped its minimum exchange rate of 1.20 Swiss francs to a euro, which boosted fundamental sentiment towards the yellow metal.
Oil Prices rebounded in Asia today after plunging in the previous session in reaction to news that the OPEC cartel had overproduced in December, while it also cut its global demand outlook.
Zinc futures prices today edged up by 0.55% to Rs 127.50 per kg today as participants created speculative positions, amid a firm global trend and better domestic demand.
Nickel Prices moved up by 0.56% to Rs 896.40 per kg in futures trading today on speculators creating fresh positions.
Copper futures rose by 0.64% to Rs 354.45 per kg today after participants built-up positions, tracking a firming trend in base metals at the London Metal Exchange (LME).
Oil Prices rebounded in Asia today after plunging in the previous session in reaction to news that the OPEC cartel had overproduced in December, while it also cut its global demand outlook.
Zinc futures prices today edged up by 0.55% to Rs 127.50 per kg today as participants created speculative positions, amid a firm global trend and better domestic demand.
Nickel Prices moved up by 0.56% to Rs 896.40 per kg in futures trading today on speculators creating fresh positions.
Copper futures rose by 0.64% to Rs 354.45 per kg today after participants built-up positions, tracking a firming trend in base metals at the London Metal Exchange (LME).
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