PRECIOUS METALS TARDE HIGHER; BASE METALS REMAIN NEGATIVE

Bullion prices traded higher in Tuesday on optimism over stimulus package passed by the US Senate. Globally, gold prices hovered around a nine-month low, as a firmer dollar and higher US Treasury yields continued to diminish the metal's appeal.

Gold futures for April delivery rose 0.21 per cent to Rs 44313 per 10 grams. Silver futures for May delivery were trading at Rs 66010 per kg, up 0.24 per cent. The rise in silver prices was mostly due to fresh positions built by participants on a positive domestic trend.

Base metals traded with mostly lower on Tuesday morning after starting the week by struggling for gains. Nickel , Aluminium, Copper, Zinc, Lead were trading down by 0.92%, 0.80%, 0.68%, 0.46%, 0.06% respectively.