Rupee strengthens, gold prices decline marginally
Gold prices declined marginally on the bullion market here on Monday on mild offerings from stockists on the back of lower global advices.
By PTI |
MUMBAI: Gold prices declined marginally on the bullion market here on Monday on mild offerings from stockists on the back of lower global advices.
Silver also moved down moderately on lack of demand from industrial users.
Standard gold (99.5 purity) eased by Rs 20 per 10 gram to Rs 10,370 from the last weekend's level of Rs 10,390 and pure gold (99.9 purity) also moved down to Rs 10,420 from Rs 10,440 per 10 gram.
Silver ready (.999 fineness) dropped by Rs 40 per kilo to Rs 19,045 from Rs 19,085.
Gold declined in Asia today as a strengthening dollar reduced the appeal of the precious metals as an alternative investment.
Gold prices eased to to 809.90 dollar an ounce and silver was little changed at 14.38 dollar an ounce. February-delivery gold on the Comex division of the New York Mercantile Exchange fell 1.90 dollar to 813.50 dollar.
Silver also moved down moderately on lack of demand from industrial users.
Standard gold (99.5 purity) eased by Rs 20 per 10 gram to Rs 10,370 from the last weekend's level of Rs 10,390 and pure gold (99.9 purity) also moved down to Rs 10,420 from Rs 10,440 per 10 gram.
Silver ready (.999 fineness) dropped by Rs 40 per kilo to Rs 19,045 from Rs 19,085.
Gold declined in Asia today as a strengthening dollar reduced the appeal of the precious metals as an alternative investment.
Gold prices eased to to 809.90 dollar an ounce and silver was little changed at 14.38 dollar an ounce. February-delivery gold on the Comex division of the New York Mercantile Exchange fell 1.90 dollar to 813.50 dollar.
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In London, gold was fixed slightly lower in the morning at $810.25 per ounce as against $810.50 per ounce previously.
US dollar ends sharply cheaper against Rupee
The US dollar ended sharply cheaper against the rupee at Rs 39.44/45 per dollar and the pound sterling also finished lower at Rs 78.15/17 per pound at the close of the Interbank Foreign Exchange (FOREX) market here today.
Following are Interbank Forex and RBI Rates. (In Rupees per Unit) Unit Interbank RBI Reference rates US Dollar 39.44/45 US Dollar Rs. 39.49 Pound Sterling 78.15/17 Euro Rs. 56.78 Euro 56.79/81 Japanese Yen (100) 34.57/59
US dollar ends sharply cheaper against Rupee
The US dollar ended sharply cheaper against the rupee at Rs 39.44/45 per dollar and the pound sterling also finished lower at Rs 78.15/17 per pound at the close of the Interbank Foreign Exchange (FOREX) market here today.
Following are Interbank Forex and RBI Rates. (In Rupees per Unit) Unit Interbank RBI Reference rates US Dollar 39.44/45 US Dollar Rs. 39.49 Pound Sterling 78.15/17 Euro Rs. 56.78 Euro 56.79/81 Japanese Yen (100) 34.57/59
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