Commodities

In Delhi, gold of 99.9 per cent and 99.5 per cent purities dropped by Rs 30 to Rs 32,190 and Rs 32,040 per 10 grams, respectively.

Gold, silver prices: Globally, gold declined to $1,239.58 an ounce in New York, while silver held steady at $14.68 an ounce.

China, the world's No.2 economy, on Friday reported some of its slowest growth in retail sales and industrial output in years, highlighting the risks of the country's trade dispute with the United States.

Imports from Iran in November, included some parcels that were loaded in October. In November, Iraq and Saudi Arabia continued to be the top two oil sellers to India.

The increase in petrol prices come after the rate of the fuel declined over 15 per cent in the last two months from the highs recorded in mid-October.

Gold Price Today: Poor demand from jewellers and weak global cues exerted pressure on the yellow metal, traders said.

INR Vs USD: The fall in prices was mainly due to weaker demand from local jewellers and negative global cues, traders said.

Consumption of fuel, a proxy for oil demand, totalled 17.27 milliontonnes, data from the Petroleum Planning and Analysis Cell (PPAC) showed.

Globally, gold stood at $1,246.17 an ounce in New York and silver held steady at $14.59 an ounce.

Crude oil production in October dropped 5 per cent from a year earlier to about 2.89 million tonnes.

A firm trend overseas, where gold spurted on safe-haven buying, boosted the yellow metal's prices, traders said.

OPEC will later ask non-OPEC producers to contribute an additional 0.4 million bpd to the cuts, the report said.

Globally, gold remained almost flat at $1,238.80 an ounce and silver was near unchanged at $14.44 an ounce in New York.

OPEC tentatively agreed to an oil output cut but was waiting for a commitment from non-OPEC producer Russia before deciding on the exact volumes for a production reduction aimed at propping up oil prices.

Even as historically gold prices perk up during the wedding season, prices of the yellow metal have remained flat to negative in recent months on account of easing of volatility in equity and debt market.