Amid the fluctuation in gold and silver rates across the country, the price for 23-carat gold per 10 gram with GST reached Rs 51, 850 on Monday in the Capital city of Bhubaneswar and Cuttack.
The rupee pared its initial gains and settled just 1 paisa higher at 77.49 (provisional) against US dollar on Friday, as inflation concerns and strength of the American currency weighed on the local unit.
For 23-carat, the price of 10 gram of the yellow metal is Rs 50,300 while the rate of 22 carat gold has reached 49,300. Similarly, the rate of 20, 18 and 14 carat gold remained at Rs 44,500, Rs 40, 400 and Rs 32, 000 respectively.
For 23-carat, the price of 10 gram of the yellow metal is Rs 50,900 while the rate of 22 carat gold has reached 49,900. Similarly, the rate of 20, 18 and 14 carat gold remained at Rs 45,100, Rs 40, 900 and Rs 32, 300 respectively, while pure Ginni (gold coin) is being traded at Rs 41,100
Snapping its two-day losing streak, the rupee appreciated 12 paise to end at 77.32 (provisional) against the US dollar on Tuesday, supported by a rebound in regional currencies and fall in crude oil prices.
High inflation rates in the Indian market has made gold prices highly volatile in the last few days.
The rupee pared initial gains to settle almost flat against the US dollar on Monday as subdued domestic equities offset the impact of a sharp decline in global crude oil prices.
The rupee pared initial losses to settle 4 paise higher at 76.53 (provisional) against the US dollar on Thursday, tracking positive domestic equities.
Foreign institutional investors continued their selling spree, offloading shares worth Rs 2,461.72 crore on Friday, according to stock exchange data.
Foreign institutional investors continued their selling spree, offloading shares worth a net Rs 3,009.26 crore on Wednesday, according to stock exchange data.
The rupee declined 6 paise to close at 76.25 (provisional) against the US dollar on Monday, tracking the strength of the greenback overseas and elevated crude oil prices.
The rupee declined 11 paise to close at 75.95 (provisional) against the US dollar on Thursday as the hawkish stance of the US Federal Reserve affected investor sentiments in global markets and bolstered the American currency.
The rupee slumped 31 paise to close at 76.15 (provisional) against the US dollar on Monday as rising crude oil prices and a lacklustre trend in domestic equities weighed on investor sentiment.
The rupee surrendered its early gains to trade 6 paise down at 76.60 against the US dollar on Tuesday as investors turned cautious ahead of the US Fed meeting amid growing uncertainty over the Russia-Ukraine conflict.
The rupee appreciated by 20 paise to close at 76.42 (provisional) against the US dollar on Thursday, supported by positive domestic equities and trends in state election results.
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