Rupee up on weak dollar, Gold crosses Rs 12,800 mark
The US Dollar ended cheaper against the rupee at Rs 40.31/32 per dollar. Gold prices crossed Rs 12,800-mark for the first time on the bullion market.
By PTI |
Rupee up on weak dollar
MUMBAI: The US Dollar ended cheaper against the rupee at Rs 40.31/32 per dollar and the pound sterling also slightly lower at Rs 80.07/09 per pound at the close of the Interbank Foreign Exchange (FOREX) market here on Tuesday.
Following are Interbank Forex and RBI Rates. (In Rupees per Unit) Unit Interbank RBI Reference rates US Dollar 40.31/32 US Dollar Rs 40.29 Pound Sterling 80.07/09 Euro Rs 61.20 Euro 61.34/36 Japanese Yen (100) 39.15/17
MUMBAI: The US Dollar ended cheaper against the rupee at Rs 40.31/32 per dollar and the pound sterling also slightly lower at Rs 80.07/09 per pound at the close of the Interbank Foreign Exchange (FOREX) market here on Tuesday.
Following are Interbank Forex and RBI Rates. (In Rupees per Unit) Unit Interbank RBI Reference rates US Dollar 40.31/32 US Dollar Rs 40.29 Pound Sterling 80.07/09 Euro Rs 61.20 Euro 61.34/36 Japanese Yen (100) 39.15/17
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Gold crosses Rs 12,800 mark on firm global cues
MUMBAI: Gold prices crossed Rs 12,800-mark for the first time on the bullion market on Tuesday due to persistent buying on the back of positive global advices, completing five-session winning streak.
Silver also firmed up further in line with gold prices. Both the precious metals continued its record-breaking spree and hit an all-time high following sustained firmness in global market.
Dealers attributed sustain increase in these safe-haven metals to good fund-based as well as investment buying due to weak dollar overseas, rising world crude oil prices.
Distinctly sluggish equity markets also forced investors to go for these safe bets against the fears of inflation.
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Yellow metal (99.5 purity) closed at historic peak of Rs 12,805 from yesterday's close of Rs 12,745, showing a gain of Rs 60 per ten grams and pure gold (99.9 purity) also improved further to Rs 12,855 from Rs 12,800. Silver ready (.999 fineness) rose to an all-time high of Rs 24,650 per kilo from Rs 24,570 previously.
In New York, gold futures hit record highs and silver a 27-year peak on Monday as commodities in general remained strong and the dollar weak, leading to more fund buying, analysts said.
Most-active April old hit a contract high of $992 an ounce on the Comex division of the New York Mercantile Exchange. Most-active May silver hit a contract high of $20.74. In March, it peaked at $20.61, the highest level for a spot-contract month in 27 years.
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In Hong Kong, gold ended higher at USD 983.90/984.60 per ounce as against $979.80/980.50 per ounce previously.Download
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