MCX Gold futures also shot up following the upmove in global prices and currently trade at Rs 28,530 per 10 grams, up 0.5 percent on the day after hitting a high above Rs 28,600 levels in intraday moves.
Investors have grown cautious this week amid political uncertainties in the US and speculation that the rally in stocks has petered out.
Natural Gas, Gold, Silver and US Soybeans have advanced, while Copper has shed.
MCX Gold futures hit highs above Rs 28,500 per 10 gram levels yesterday before easing and ended just above Rs 27,400 mark. The counter quotes at Rs 28,363 per 10 grams, down 0.11 percent on the day.
Further appreciation in Gold can take it towards Rs 28,700 per 10 grams.
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Energy Preview: MCX Crude holds above Rs 3,600 per barrel levels