Indian Economy & Commodity Market Update Today: Fuel Export Duties Slashed, Gold Shifts, and Essential Milk Hikes Strain Households
Quick Summary: Today, June 1, 2026, Indian commodity markets are experiencing vital realignments. The Central Government has reduced export duties on petrol to ₹1.5/litre and diesel to ₹13.5/litre to adapt to softening international margins, keeping domestic retail fuel prices unchanged. Concurrently, MCX gold futures are consolidating down 0.21% near ₹159,272 per 10 grams, pulled back … Read more