Decem06:22 AM IST Oil rises after OPEC+ holds oil output targets, China eases COVID curbsīrent crude futures climbed 39 cents, or 0.5%, to $85.96 a barrel at 2309 GMT, while U.S.Decem08:57 AM IST Agri Picks Report: GeojitĪccording to Geojit, Lacklusture moves were witnessed in dhaniya and turmeric futures on NCDEX on Monday, while jeera hit four week high on expectation of rise in demand.For silver, resistance is at Rs 66,400 and support at Rs 64,400, says Nirpendra Yadav of Swastika Investmart Gold has resistance at Rs 54,000 and support at Rs 53,400. Decem10:38 AM IST Gold Prices Today: Precious metals to remain volatile, rise in prices may witness selling pressureīullion is expected to remain range-bound today.Last session the benchmark fell below $80 for the second time in 2022. Decem08:15 AM IST Crude skids below $80 to pre-Ukraine crisis levels on economic woesīrent crude futures rose 17 cents, or 0.2%, at 0107 GMT to $79.52 a barrel.The slump comes against a backdrop of ever-dwindling liquidity in the oil market: Brent open interest is at the lowest since 2015, as traders strip their positions in the final month of the year. West Texas Intermediate settled near $74 on Tuesday, erasing all of this year’s gains. Decem08:18 AM IST Oil plummets, erasing all 2022 gains as traders flee market.Decem08:52 AM IST Agri Picks Report: GeojitĪccording to Geojit, The Cotton Association of India has retained its production estimate for the 2022-23 (Oct-Sep) season at 34.4 mln bales (1 bale = 170 kg), it said in a press release.This year, high interest rates have hurt gold's role as a conventional hedge against inflation and other concerns, said Prathamesh Mallya of Angel One. Investors are waiting for the US Fed Reserve rates, which are expected next week, for clues of the rate hikes' speed. Decem10:20 AM IST Gold Prices Today: Yellow metal to stay range-bound Fed's aggressive stance may pose challenges. ![]() ![]() What to expect in the future? Watch this live chat with Karunya Rao and Manisha Gupta to find out. Decem01:06 PM IST Commodities Live: Crude oil prices fall | Where is the market headed & impact on OMCĪmid the Russia-Ukraine war, crude oil prices have reached pre-war levels.The world's most actively traded commodity surged to nearly $140 a barrel in March, close to an all-time record, following the launch of what Moscow called a "special operation" in Ukraine that has raged ever since. Decem07:11 AM IST Oil gives up the year's gains, closing at 2022 low.
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