Commodities

In Delhi, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 140 each to Rs 32,970 and Rs 32,800 per 10 grams, respectively.

The Indian market has been crucial for Venezuela's economy because it has historically been the second-largest cash-paying customer for the OPEC country's crude, behind the United States.

Oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC.

In Delhi, gold of 99.9 and 99.5 per cent purity declined by Rs 280 to Rs 32,830 and Rs 32,660 per 10 grams, respectively.

Petrol and diesel rates are decided on a daily basis by oil-marketing companies on the basis of the rupee-dollar rate and global crude oil prices.

Petrol, Diesel prices toady: Currently, fuel prices are reviewed by oil marketing companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum on a daily basis.

Traders said gold faltered as buying by local jewellers saw a dip, though a positive trend overseas capped the fall.

Petrol and diesel prices are determined broadly by the rates of crude oil overseas and rupee-dollar rate in the forex market.

In Delhi, gold of 99.9 per cent and 99.5 per cent purity dropped by Rs 15 each to Rs 33,370 and Rs 33,200 per 10 grams, respectively.

As per the country's dynamic pricing mechanism, the domestic fuel prices depend upon international fuel prices on a fifteen-day average and the value of the rupee

An unexpected dip in US crude oil inventories and production also lifted prices, traders said.

In Delhi, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 235 to Rs 33,385 and Rs 33,215 per 10 gram, respectively.

As per the country's dynamic pricing mechanism, the domestic fuel prices depend upon international fuel prices on a fifteen-day average and the value of the rupee.

In Delhi, gold of 99.9 per cent and 99.5 per cent purities slumped Rs 100 each to Rs 33,150 and Rs 32,980 per 10 grams, respectively.

Currently, state-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum review petrol and diesel prices on a daily basis.