Gold prices on Thursday started a new upward tour above Rs 12000 pr ten grams following the declination of Indian rupee against US dollar and firming global market reports.
Mentha oil futures gained momentum on Thursday at MCX counter as traders and millers engaged in bargain buying. The commodity prices went up by more that 2 percent.
Gold remained firm as bargain hunting from investors and jewellers in Asia helped the metal confront selling pressure from weak oil prices and slumping equities.
Pound sterling witnessed a volatile trade yesterday and closed weak. But Sterling hit its highest in a week versus dollar in early trades after Bank of England minutes showed a unanimous vote to slash interest rates 150 basis points this month.