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The commodities market today features how oil prices dropped amid weak euro zone business activity and concerns about China's economy. Brent crude settled at $73.90 per barrel. Gold reached a new high of $2,627.94 per ounce, driven by market sentiment and geopolitical tensions.
Oil prices closed lower on Monday as worries about demand were compounded by disappointing eurozone business activity and a weak Chinese economy.
Brent crude futures for November settled 0.8%, to $73.90 a barrel, while U.S. crude futures for November fell 0.9%, to $70.37.
Gold rose on Monday to an all-time high, as bullish market sentiment after the U.S. Federal Reserve cut interest rates last week combined with geopolitical tensions. Spot gold gained 0.2% to $2,627.94 per ounce.
The day’s rate of Gold, Silver, Copper, Crude Oil and Natural Gas
Name | LTP | Change (₹) | Change (%) |
GOLD | ₹74,296.00 | 1.00 | 0.00 |
SILVER | ₹89,230.00 | -1.00 | 0.00 |
COPPER | ₹806.90 | 0.40 | 0.05 |
CRUDE OIL | ₹5,896.00 | -2.00 | -0.03 |
NATURAL GAS | ₹216.40 | 13.70 | 6.76 |
Note: Stats/Prices updated as of September 24, 2024, at 9:00 AM.
Source: Moneycontrol
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