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Petrol and diesel prices hiked from Monday


New Delhi: With Indian Oil Corporation hiking the price of petrol and diesel by 36 paise/litre and 87 paise/litre (including State levies), respectively, from midnight of November 15/16, petrol in the capital will now cost Rs 61.06/litre and diesel will come at Rs 46.80/litre.

Indian Oil said at a Press release that  current international prices of petrol and diesel and the rupee-dollar exchange rate has compelled the hike in prices.

The public sector oil marketing company said it would continue to closely monitor the movement of prices in the international oil market as well as the rupee-dollar exchange rate.

The developing trends would be reflected in future price changes, it added.

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Price rise in the Gold Market due to Shopping of Jewellery in this Wedding Season

Gold Jewellery in display at a shop, Wikimedia

New Delhi, Feb 8, 2017: Due to increased shopping of jewellery in this wedding season, gold prices soared further by Rs 220 to Rs 29,325 per 10 grams at the bullion market. The rise in the demand for gold is due to the rising wedding season demand despite weakness in global cues. Here is some data related to the price hike:

  • Standard gold (99.5 purity) climbed by Rs 220 to conclude at Rs 29,325 per 10 grams from Monday’s closing level of Rs 29,105.
  • Pure gold (99.9 purity) also jumped by a similar margin to end at Rs 29,475 per 10 grams as against Rs 29,255 earlier.

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  • Silver (.999 fineness) rose by Rs 175 to finish at Rs 42,540 from Rs 42,365 yesterday.
  • Spot gold was down 0.4 percent at USD 1,230.40 per ounce in early trade. In the previous session, the metal touched USD 1,235.73, its highest since November 11.
  • Among other precious metals, silver fell 0.7 percent to USD 17.61. Earlier in the session, it reached USD 17.76, its strongest since November 11.

prepared by Shambhavi Sinha of NewsGram. Twitter:  @shambhavispeaks


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