Besides, subdued spot demand from consuming industries fuelled the downtrend
A firm global trend also helped prices
Diminishing hopes of a near-term deal by major petroleum producers to cut output also affected prices
Brent traded at $34.52 a barrel, while US crude futures were up 5 cents at $31.77 a barrel
Spot gold peaked at $1,157.2, its highest since October 29, on dollar being under pressure
Price jumps by 2% in Malaysia, stabilizes in India; future looks uncertain on slowdown in Chinese demand
Standard gold jumped by 0.65% or Rs 175 on Thursday to trade at Rs 27,115 per 10 gm
Will cut crude steel capacity by 100-150 million tonnes
Output trend weak for 2016 on impact of El Nino in Africa and slow winter planting for wheat in Europe
Pick up in demand in the domestic markets also helped prices
Restricted supplies from producing regions also helped prices
Participants built-up fresh positions, driven by pick up in demand from consuming industries in the spot market
Restricted supplies from producing region also helped prices
Better domestic demand also helped prices
Speculators widened their bets, taking positive cues from Asian markets
Fresh speculation of a possible output cut by the OPEC producers' group helped prices
Brent touches $35.47 a barrel, while US crude was trading at $32.68 a barrel
With 47% share in India's overall fibre exports, Pakistan scores over Bangladesh and China - traditional large buyers
Sebi also said it had to "beef up surveillance" in commodity derivatives segment to eliminate general perception that the commodities market is the "den of manipulation"