Even after crude oil prices declined nearly 1.5% overnight, Asian markets has started on a positive note. This is because the market anticipates a second week of decline in case of US inventories.

Gold and silver prices witnessed of gain on Tuesday. Gold is trading around $1,300 per ounce and the silver prices gained 0.5%.

Base metal prices continue to see good gains.

Shanghai, London Metal Exchange (LME), and the US market saw very strong gains coming in on Tuesday.

Copper prices are trading at three-month high, aluminium prices have seen very strong gains, lead prices are trading at 18-month high on Shanghai and four-month high on LME.

Nickel prices have gained nearly 3% already in this week, and zinc has seen a 2.5% gain overnight.

First Published:Jun 6, 2018 12:36 PM IST