COMMODITY TIPS FOR MCX,NCDEX,AGRI,ENERGY,GOLD-SILVER LIVE PRICES AND TIPS GIVE MISSED CALL TO
Gold rose by about 1% on Tuesday as European shares fell and inflows into bullion funds
continued, boosting to prices.
Spot gold was up 0.8% at $1,217.70 an ounce.
Prices had fallen 1.6% on Monday, when the dollar and equities rallied.
Bullion was
boosted by European shares turning
negative, dropping from the previous session's two-week high on disappointing
earnings updates and lower oil prices.
The Dollar fell from a three-week high before stabilising against
a basket of main currencies.
The metal, however, could be vulnerable to more corrections if stock markets strengthen, analysts said.
Among other precious metals, silver rose by 0.4% to $15.22 an ounce after hitting a two-week low of $14.90 on Monday. Platinum was unchanged at $926.15, not far off a two-week low touched in the previous session, while palladium firmed 0.5% to $495.96.
Oil futures fell more than half a dollar on Tuesday,Key oil exporters Saudi Arabia and Russia have proposed to freeze output at January levels, which were near record highs, only if other producers also do the same.