China and the United States have achieved some progress in their trade talks, Vice Foreign Minister Le Yucheng said on October 22, and any problems could be resolved as long as both sides respected each other.
September oil imports, which dropped below 4 million bpd for the first time since June 2016, were about 18.7% lower than in August and down 8.4% from a year ago, the data showed.
Gold futures for delivery in December gained by Rs 5, or 0.01 percent on the MCX trading at Rs 37,895 per 10 gram in evening trade in a business turnover of 18,839 lots.
The value of the November contract traded so far is Rs 2,497.09 crore, while the December contract saw value of Rs 11.53 crore
On the Multi Commodity Exchange, crude oil for delivery in November dropped by Rs 16, or 0.42 percent, to Rs 3,794 per barrel in 20,546 lots.
Silver contracts for December delivery traded lower by Rs 40, or 0.09 percent, at Rs 45,391 per kg in 3,590 lots on the Multi Commodity Exchange.
Brent crude futures were at $59.10 a barrel by 0027 GMT, up 14 cents, or 0.2%, from their previous settlement. Brent settled down 0.8% at $58.96.
The crude for delivery in October contracts was down by Rs 22, or 0.58 per cent, to Rs 3,786 per barrel with a business volume of 13,504 lots.
Sales are likely to gain momentum on Dhanteras and the upcoming wedding season in November.
On the Multi Commodity Exchange, copper contracts for October delivery traded higher by Rs 1.80, or 0.41 per cent, to Rs 442.40 per kg in a business turnover of 1,957 lots.
On the Multi Commodity Exchange (MCX), silver contracts for December delivery went up by Rs 169, or 0.37 per cent, at Rs 45,622 per kg in 1,300 lots.
On the MCX, crude oil for November delivery dropped by Rs 9, or 0.24 percent, to Rs 3,816 per barrel with a business volume of 2,524 lots.
Market observers said gold price may see some traction in the coming days due to upcoming Diwali.
Gold is range bound as market players have turned cautious awaiting more clarity on major issues
Going ahead, the yellow metal may stay volatile due to uncertainty related to the Brexit vote.
Feeble global economic outlook, intensifying trade war tensions between the US and China, hopes of policy easing from major central banks, Brexit and other geopolitical tensions lifted the yellow metal’s traditional safe-haven demand.
CNBC Commodity Editor Manisha Gupta takes us through the major happenings in the commodities market.
In the futures market, gold's rate touched an intraday high of Rs 38,194 and an intraday low of Rs 37,965 on MCX.
The value of the October contract traded so far is Rs 2238.73 crore and November contract saw value of Rs 153.81 crore.
In the futures trade, gold and Silver prices were volatile on October 17 on Brexit related reports.
On the Multi Commodity Exchange, crude for delivery in October traded higher by Rs 26, 0.68 per cent, at Rs 3,831 per barrel in 17,828 lots.
Global benchmark Brent crude oil futures fell by 9 cents, 0.2%, to $59.82 a barrel by 0039 GMT.
US crude inventories soared by 9.3 million barrels in the week to October 11, the US Energy Information Administration said, far surpassing estimates for a build of 2.8 million barrels last week.
The gold/silver ratio,which is the amount of silver needed to buy one ounce of gold, currently stands at 84.81 to 1.
On the Multi Commodity Exchange, crude oil contracts for November delivery slipped Rs 28, or 0.73 percent, to Rs 3,813 per barrel.