Oil prices ended lower on Tuesday as investors were awaiting the upcoming the Organization of the Petroleum Exporting Countries (OPEC) meeting.
Gold prices were little changed on Wednesday, after slipping to a near six-month low in the previous session, amid a steady dollar and firmer equities.
Lead futures were trading higher during the afternoon trade in the domestic market on Wednesday as participants created fresh positions, taking positive cues from spot market on pick-up in demand. Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.
Nickel futures were trading higher during the noon trade in the domestic market on Wednesday as participants widened their bets, driven by pick-up in demand in the spot market. Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.
Gold prices rose early Tuesday, supported by a weaker dollar and a dip in Asian stocks as a trade spat between the United States and China intensified.
Oil prices fell nearly one percent on Tuesday as an escalating trade dispute between the United States and China triggered sharp selloffs in many global markets.
Lead futures were trading lower during the afternoon trade in the domestic market on Tuesday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.