Commodities

Globally, oil prices fell on Friday, with US crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth.

The rupee has been among the worst performing currencies in Asia, witnessing 8.6 per cent slump this year.

Oil rose as global markets steadied on Thursday, recouping some of the previous day's 2 per cent slide.

Gold, Silver prices today: In Delhi, gold of 99.9% and 99.5% purity plunged by Rs 290 each to Rs 30,340 and Rs 30,190 per 10 grams, respectively.

Petrol, Diesel prices today: The fuel rates today are applicable from 6:00 a.m, as stated by the Oil Marketing Companies (OMCs).

Gold prices fell for second straight day on Tuesday even as global prices of the yellow metal recovered from 17-month lows hit on Monday. Safe haven buying did not help lift gold prices, said experts. Strength in the dollar led to weakness in the rupee which hit an all-time low of 70.09 against the US dollar. There was a lot of economic turmoil after the Turkish lira hit a record low against the US dollar on Monday. Investors traditionally use gold as a means of preserving the value of their assets during times of political and economic uncertainty and inflation, but it has this year failed to benefit, according to a report by news agency Reuters. Silver too plunged by Rs 335 to Rs 38,715 per kg due to poor offtake by industrial units and coin makers.

For the first seven months of 2018, the country's gold imports fell 28 per cent from a year ago to 406.2 tonnes, data compiled by GFMS showed.

Gold prices lowered by Rs 40 to Rs 30,660 per 10 grams at the bullion market today, reported news agency Press Trust of India (PTI). Weak trend overseas amid easing demand from the local jewelers led to the fall in gold prices, according to traders. Globally, gold fell 0.57 per cent to $1,204.30 an ounce and silver by 0.56 per cent to $15.19 an ounce in Singapore. Meanwhile, silver prices advanced by Rs 50 to Rs 39,050 per kg due to increased offtake by industrial units.

Petrol, diesel prices today: Petrol price had touched an all-time high of Rs. 78.43 a litre on May 29 and had since receded.

Oil Marketing Companies (OMCs) kept the prices of petrol unchanged on Sunday across four metros of the country. However, prices of diesel are raised today by 6 paise per litre. According to daily price notification issued by state-owned oil firms, petrol is retailing at a price of Rs. 77.23 per litre in Delhi, Rs. 84.67 per litre in Mumbai, Rs. 80.18 per litre in Kolkata and Rs. 80.23 per litre in Chennai. Fuel prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT (Value Added Tax).

Gold, Silver prices today: In Delhi, gold of 99.9% and 99.5% purity climbed by Rs 180 each to Rs 30,700 and Rs 30,550 per 10 grams, respectively.

Petrol, Diesel prices today: Petrol price had touched an all-time high of Rs 78.43 a litre on May 29 and had since receded.

Gold, Silver prices today: In Delhi, gold of 99.9% and 99.5% purity fell by Rs 40 each to Rs 30,520 and Rs 30,370 per 10 gram, respectively.

Today's Petrol, Diesel Prices: State-run oil marketing companies revise fuel prices with effect from 6 am on a daily basis.

Gold, Silver prices today: In Delhi, gold of 99.9% and 99.5% purity shed another Rs 5 each to Rs 30,560 and Rs 30,410 per 10 grams, respectively.