Commodities

Silver rates, also, rose by Rs 140 to Rs 41,500 per kg on increased offtake by industrial units and coin makers.

Weak trend overseas and easing demand from jewellers at the domestic markets led to the decline in gold prices, traders said.

In Delhi, gold of 99.9 per cent and 99.5 per cent purities advanced by Rs 360 each to Rs 34,830 and Rs 34,680 per 10 grams, respectively.

In Delhi, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 210 each to Rs 34,470 and Rs 34,320 per 10 grams, respectively.

Petrol and diesel prices were kept unchanged on Wednesday. The pause on price changes comes after six consecutive days of hikes in metros including Delhi and Mumbai. Petrol prices have been increased by Rs 67-72 per litre in Delhi, Mumbai, Kolkata and Chennai since February 13, and diesel rates raised by Rs 55-59 per litre, according to data from Indian Oil Corporation (IOC). Domestic petrol and diesel prices have been increased around 3 per cent and 5 per cent respectively so far this calendar year, the data showed.

In Delhi, gold of 99.9 per cent and 99.5 per cent purities jumped by Rs 230 each to Rs 34,680 and Rs 34,530 per 10 grams, respectively.

Petrol and diesel prices were hiked marginally on Tuesday, marking a sixth consecutive day of upwards price revision. In Delhi, the price of petrol was at Rs 71 per litre with effect of 6 am on Tuesday, February 19, according to Indian Oil Corporation. With that, petrol prices returned to the Rs 71 per litre mark in the national capital for the first time since January 31, when the fuel rate was at Rs 71.09 per litre, data from Indian Oil Corporation showed. The rate of diesel in Delhi was at Rs 66.17 per litre on Tuesday. In Mumbai, petrol and diesel prices were at Rs 76.64 a litre and Rs 69.3 a litre respectively, according to IOC, the country's largest fuel retailer.

Sovereign gold continued to rule flat at Rs 26,000 per piece of 8 gram.

January imports from Iran were 10.4 per cent lower than December, the tanker arrival data showed.

The international benchmark for oil prices is at a near three-month high and set for a 4.5 per cent gain for the week. OPEC and some non-affiliated suppliers including Russia are withholding supply in order to tighten the market and prop up prices.

Petrol and diesel prices were hiked marginally on Friday, the second consecutive day of upwards price revision. While the petrol price in Delhi stood at Rs 70.46 per litre on Friday, the diesel price was at Rs 65.73 per litre, up 13 paise per litre and 11 paise per litre in two days, according to data from Indian Oil Corporation. In Mumbai, the petrol price was at Rs 76.1 per litre and the diesel price at Rs 68.83 per litre with effect from 6 am on Thursday, the Indian Oil data showed. Currently, oil marketing companies such as Indian Oil - the country's largest fuel retailer - review petrol and diesel rates on a daily basis, and any changes are effected at fuel stations at 6 am.

The centre has hiked the minimum selling price (MSP) of sugar by Rs 2 per kg to Rs 31, Food Minister Ram Vilas Paswan said.

In Delhi, gold of 99.9 per cent and 99.5 per cent purities drifted lower by Rs 50 each to Rs 34,000 and Rs 33,850 per 10 grams, respectively.

The Organization of the Petroleum Exporting Countries said on Tuesday that it had cut its output by almost 800,000 bpd in January to 30.81 million bpd

In Delhi, gold of 99.9 per cent and 99.5 per cent purities shed Rs 30 each to Rs 34,050 and Rs 33,900 per 10 grams, respectively.