International Markets Gold prices on Wednesday rose by Rs 80 to Rs 72,430 per 10 gram in the national capital’s bullion market in line with the firm trend in gold. On Tuesday, gold had closed at Rs 72,350 per 10 gram. Silver prices also rose by Rs 100 to Rs 91,400 per kg. It had closed at Rs 91,300 per kg in the previous trading session. Saumil Gandhi, research analyst at HDFC Securities, said, “Spot gold (24 carat) prices in Delhi markets stood at Rs 72,430 per 10 gram.
Gold also rose on Comex
This is Rs 80 more than the previous closing price.” Spot gold remained at $ 2,327 an ounce in the international commodity market Comex, which is eight dollars more than the previous closing price. Gandhi said that after weaker than expected retail sales data in the US, a slightly positive trend was seen in gold on Wednesday, which led to a rise in bullion prices. Apart from this, silver also reached $ 29.40 an ounce. In the last session, it closed at $ 29.35 an ounce.
Rupee falls 1 paisa to 83.44 per dollar
The rupee on Wednesday closed marginally lower by a paisa at 83.44 (provisional) against the US currency. The rupee lost its initial gains at the interbank foreign exchange market amid fluctuations in the domestic stock market at the end of the session. Forex traders said that the rise in the rupee was halted due to the strength of the dollar and high crude oil prices abroad. The rupee opened strong at 83.39 per dollar at the interbank foreign exchange market and after moving in the range of 83.34-83.48 per dollar during trading, it closed at 83.44 per dollar (provisional) at the end of trading, down by a paisa.
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