Top Business Updates October 12: Fuel and Gold prices drop for third consecutive day
Publish Date: Sat, 12 Oct 2019 10:41 AM IST
New Delhi | Jagran Biz Desk: At Jagran English Business Desk, we try to cover all the latest financial news and provide key insights into our stories to have your business world covered. We provide 360-degree coverage of stockmarkets news, fuel and precious metals prices apart from other business developments throughout the day.
Today, our main focus is on fuel and metal prices that have seen a consecutive drop in the last three days. The dip comes ahead of 'Diwali' and upcoming elections in several north Indian states such as Haryana and Maharashtra.
The fuel price slashed for the consecutive third day as petrol saw a drop of 4 paise and diesel prices saw a drop of 8 paise per litre in Delhi on Saturday. The overall prices have dropped by 21 paise and 29 paise respectively. The prices have witnessed a downward spiral since October 1.
Petrol per litre: Rs 78.99 in Mumbai, Rs 76.02 in Kolkata, Rs 73.38 in Delhi and Rs 76.21 in Chennai.
Diesel per litre: Rs 69.72 in Mumbai, Rs 69.72 in Mumbai, Rs 68.87 in Kolkata and Rs 66.52 in Delhi.
Prices of Gold continued to dip for consecutive days over easing concerns around the US and China trade war and Brexit (UK's exit from the EU) as prices fell nearly 0.8 per cent to Rs 37861 per 10 grams of pure gold on Saturday.
Gold: Rs 37861 per 10 grams
Prices of silver also slipped by 0.4 per cent per Rs 45,221 per kg on MCX.
Silver: Rs 45,221 per kg
However, crude oil surged by 1.93 per cent at 10.35 am despite opening on a flat note on Saturday.
Brent crude: USD 60.68 per barrel
Equity markets remained on Saturday. Earlier, Sensex and Nifty had dropped by nearly 298 points and 79 points to reach 37,880 points and 11, 234 points after Public lender SBI and private player HDFC shares lost over 2 per cent on Friday.
Posted By: James Kuanal