Business

The move follows large-scale buying of Russian crude by Indian refiners, who secured more than 40 million barrels to deal with supply crunch from the Middle East.

Gold prices saw a fifth consecutive day of decline on Tuesday, despite rising retail rates in major Indian cities. Futures contracts on MCX and international markets fell due to geopolitical tensions in the Middle East. Investors are now keenly awaiting key US economic data for insights into the Federal Reserve’s interest rate decisions.