Rising geopolitical tensions in West Asia and disruptions near the Strait of Hormuz are raising concerns over India’s LPG supply. With tanker movement slowing and imports falling, the government has prioritised household distribution and boosted domestic production while exploring alternative sources to cushion the impact of supply constraints.
Gold steadies as traders await US jobs data, monitor Mideast tensions
Gold prices held steady as traders navigated heightened tensions in the Middle East and awaited pivotal labor data from the US. This economic data is