From the precious metal space, international gold prices fell 4.8% in September followed by a rally in dollar. Kunal Shah, research head of commodities at Nirmal Bang Commodities feels that the gold prices might witness an upmove in one-two day.
If the crude closes around Rs 4,300 per barrel levels or retraces now, it would be a good point to exit said Shreekant Jha, managing director of PJ Commodity Ventures.
On Wednesday, the news from financial markets lifted the international crude prices with a hope that the US Federal Reserve's policy panel could act to boost the economy.
The Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan today favoured decontrolling of diesel prices, saying retail petroleum prices must reflect the international crude prices.