Gold rose on Wednesday, with prices just shy of recent 11 month highs, as investors awaited a US employment report for signs of recovery in the world's biggest economy.
Spot gold was 0.3 percent higher at $1,778.50 an ounce by 1022 G MT. Trade was thin as China, the world's largest commodity consumer, remained on a week-long holiday.
Silver prices moved down by 0.53 per cent to Rs 62,600 per kg in futures trade today after speculators trimmed positions amid negative cues from the global markets. At the Multi Commodity Exchange, silver for delivery in December moved down by Rs 334, or 0.53 per cent, to Rs 62,600 per kg, with a business turnover of 2,419 lots.
Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Europe's festering debt crisis added to the gloom.
Nickel prices moved down by Rs 6.30, or 0.64 per cent, to Rs 979.90 per kg in futures market today as speculators reduced their positions, taking weak cues from the global markets on economic concerns. Multi Commodity Exchange, nickel for delivery in October declined by Rs 6.30, or 0.64 per cent, to Rs 979.90 per kg, with a business turnover of 5,257 lots.
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