Key Points:
- On September 24, Thursday, Gold declined by Rs 485 to Rs 50,418 per 10 grams
- Crude stocks fell by 1.6 million barrels
- The rupee was slashed down by 32 paise to settle at 73.89 (provisional) against the US dollar.
- Fuel prices were unaffected.
On September 24, Thursday, the prices of Gold and Oil declined. Fuels like Diesel and Petrol had stationary figures. Rupee depreciated in comparison to the dollar.
Gold
The price of the yellow metal saw a downfall on the fourth consecutive day. It declined by Rs 485 to Rs 50,418 per 10 grams in the national capital, Delhi. In the previous trade, the precious metal closed at Rs 50,903 per 10 grams. Silver also tumbled by Rs 2,081 to Rs 58,099 per kilogram from Rs 60,180 per kilogram in the previous trade. In the international market, gold traded with losses at US$1,854 per ounce and silver was flat at US$22.12 per ounce. Gold has seen a drop down since the past few weeks.
Oil
Oil prices went down on Thursday. Brent crude futures fell 21 cents, or 0.5%, to $41.56 a barrel by 0922 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 26 cents, or 0.7%, to $39.67 a barrel.
– Crude stocks fell by 1.6 million barrels
– Gasoline by 4 million barrels
– Distillate stockpiles showed a surprise drawdown of 3.4 million barrels.
Rupee
At the Interbank Forex market, the rupee opened on a weak note at 73.82, then fell further to finally close at 73.89 against the American currency, indexing a fall of 32 paise over its last close. On Wednesday, the rupee rose by one paisa to settle at 73.57 against the US dollar. BSE benchmark Sensex was trading 798.06 points lower at 36,870.36, and broader NSE Nifty plunged 235 points to 10,896.85.
Petrol and Diesel
Diesel and petrol prices were unchanged on Thursday.
| City | Petrol | Diesel |
| Delhi | 81.06 | 71.28 |
| Kolkata | 82.59 | 74.80 |
| Mumbai | 87.74 | 77.73 |
| Chennai | 84.14 | 76.72 |
