Comex gold futures, posted a six-month low on Thursday, weighed down by a firm dollar and the US Federal Reserve Chair’s outlook for higher interest rates.

Crude oil futures eased 0.25 per cent to Rs 4,475 per barrel today as speculators reduced their positions owing to a weak global trend.

Gold prices posted a six-month low on Thursday, pressed down further by a firm dollar and as the U.S. Federal Reserve Chair confirmed an outlook for higher interest rates in the United States.

Oil prices fell on Thursday as Iran signalled it could be won over to a small rise in OPEC crude output, potentially paving the way for the producer cartel to agree a supply increase during a meeting on Friday.

Traders anticipating fresh demand from upcountry buyers have started stocking up on medium quality hybrid finger turmeric and root variety.

Maharashtra’s mills sold sugar ₹20 lower on Wednesday on reports of higher cane sowing. On the previous day about 18 mills sold 20,000 bags at ₹2,920-3,000 a quintal of S-grade and ₹3,020-3,100 M-gr

Oil prices rose in early Asian trading on Wednesday, supported by a drop in US commercial crude inventories reported by the American Petroleum Institute (API). US crude inventories fell by 3 million barrels in the week to June 15 to 430.6 million barrels, according to the weekly API report published on Tuesday.

Crude oil futures fell Rs 24 to Rs 4,457 per barrel as speculators trimmed their positions owing to weak global cues.

Turmeric prices softened even as traders concentrated on picking up quality produce.Without major orders from North India buyers limited purchases.

Spot rubber prices slid on Monday with RSS 4 at ₹126 (126.50) a kg due to buyer resistance, according to the Rubber Board. The July futures declined to ₹127 (127.95),