New Delhi:Crude oil futures rose by Rs 38 to Rs 8,134 per barrel, tracking positive global trends amid lingering geopolitical uncertainties and increased investor bets. On the Multi Commodity Exchange (MCX), the crude oil contract for November delivery appreciated 0.47 per cent in a business turnover of 9,629 lots. The December contract also advanced Rs 33, or 0.41 per cent, to Rs 8,057 per barrel on the commodities bourse. Analysts attributed the uptick to fresh bets by participants and firm global trends. In international markets, West Texas Intermediate (WTI) advanced 1 per cent to $86.92 per barrel on the New York Mercantile Exchange (NYMEX). The January contract of global oil benchmark Brent gained $1.02, or 1.11 per cent, to $92.51 per barrel on the Intercontinental Exchange (ICE). According to brokerage firm Kotak Neo, crude oil futures were trading around 1 per cent higher in global markets as uncertainty continued over Iran’s demand for relief from US sanctions and the naval blockade before agreeing to peace talks.

Gold futures rise nearly 1% on firm trend

Goldprices rose nearly 1 per cent to Rs 1.41 lakh per 10 grams in futures trade, tracking firm trends in the international markets. On the Multi Commodity Exchange, the yellow metal contract for December delivery climbed Rs 1,025, or 0.73 per cent, to Rs 1,41,550 per 10 grams in a business turnover of 16,203 lots. The contract closed at Rs 1,40,525 per 10 grams on Tuesday. Commodities markets were closed on Tuesday in the morning session on account of Diwali-Balipratipada. In global markets, Comex gold futures for December delivery rose $34, or nearly 1 per cent, to $4,064.20 per ounce in New York.

Silver futures climb on positive cues

Silverprices climbed nearly 3 per cent to Rs 1.87 lakh per kilogram in futures trade amid a strong demand in global markets. The white metal futures for December delivery jumped Rs 4,863, or 2.66 per cent, to Rs 1,87,439 per kg in a business turnover of 16,315 lots. In overseas trade, Comex silver futures for December contract also advanced by $1.83, or 3.56 per cent, to $53.05 per ounce.