Brent crude futures, the international benchmark for oil prices, were at $57.39 at 0420 GMT, up 16 cents, or 0.28 percent from their last close.
Spot gold had declined by 0.4 percent to $1,284.60 an ounce by 0355 GMT. It was down 1.6 percent for the week.
If you prefer to buy when the markets are falling, this could be the right time to step in. We’ll tell you how to lay out your cards right.
Brent crude futures , the international benchmark for oil prices, were at $57.31 at 0027 GMT, up 8 cents, or 0.1 percent, from their last close.
Brent crude fell by $1.13 a barrel to a low of $57.02 before recovering a little to $57.30 by 1345 GMT. The global benchmark was still about 30 percent above its mid-year levels. U.S. light crude was down 75 cents at $51.29, almost 25 percent higher than June's lows.
Watch the interview of Mrugank M Paranjape MD & CEO MCX, Samir Shah MD & CEO, NCDEX, Kunal Shah Nirmal Bang Commodities, Shekhar Bhandari Kotak Mahindra Bank and Sanjay B Jumaani Astro Numerologist with Manisha Gupta on CNBC-TV18, in which they shared their outlook on Samvat 2074 for commodities.
Silver followed suit and cracked below the Rs 41,000-mark by falling Rs 200 to Rs 40,800 per kg on reduced offtake by industrial units and coin makers.
According to Angel Commodities, expect gold prices to trade lower as the new FED successor is more likely in favour of high interest rates while strengthening dollar and good labor market will further push down yellow metal prices.
According to Angel Commodities, Turmeric futures expected to trade sideways to down as market is expecting good production of turmeric due to wet weather conditions in Telangana.
Watch the interview of Dharmesh Bhatia of Emirates NBD with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
Watch the interview of Vijay Jain, CEO & Founder Director at ORRA, with CNBC-TV18's Manisha Gupta, Prashant Nair, and Ekta Batra, where he spoke about the jewellery demand this festive season.
Brent crude futures, the international benchmark for oil prices, were at $58.27 at 0314 GMT, up 39 cents, or 0.7 percent from their last close - and a third above mid-year levels.
Watch CNBC-TV18's Manisha Gupta give an update on the latest trends in the commodities markets.
Spot gold was up 0.1 percent to $1,286.10 an ounce at 0053 GMT. It hit a one-week low of $1,281.31 in the previous session.
Silver too dropped on speculative profit-booking after its recent rally on the back of reduced industrial buying.
While demand for gold in the run up to Diwali has been low in several pockets of the country, the mood at Zaveri Bazaar, one of Mumbai's largest jewellery markets is optimistic on the occasion of Dhanteras. Jewellers are expecting a 15-20 percent increase in sales this Diwali, reports CNBC-TV18s Priya Sheth.
On the auspicious occasion of Dhanteras, Finance Minister Arun Jaitley launched options trading on 1-kg futures contracts of gold on the Multi Commodity Exchange of India (MCX), India’s first ever commodity options contract. CNBC-TV18's Manisha Gupta spoke to Mrugank Paranjape, MD & CEO at MCX to find out the interest and excitement seen among investors.
In an interview to CNBC-TV18's Manisha Gupta, Sumeet Bagadia of Choice Broking shared his views on the trends in the commodity space.
In an interview to CNBC-TV18's Manisha Gupta, Tanya of Lala Jugal Kishore Jewellers shared her views on the gold market.
For a medium term perspective we remain bullish on gold targeting USD 1350-USD 1380 on the higher side, while on the MCX prices could inch higher towards Rs 31,500-32,200.
Watch CNBC-TV18’s Manisha Gupta give a round-up of all the action taking place in the commodities and currency market.
Short-term U.S. bond yields and interest rates jumped after a report U.S. President Donald Trump favoured Stanford economist John Taylor to head the Federal Reserve.
Spot gold was unchanged at $1,293.60 an ounce at 0055 GMT. It shed 0.8 percent in the previous session.
"Dhanteras is always an auspicious time to buy gold," says Kishore Narne, Associate Director at Motilal Oswal Commodity Broking.
Watch the interview of Kishore Narne Motilal Oswal Commodity with Manisha Gupta on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.