Lower Rupee Keeps Gold Demand Subdued
Reuters reported that gold demand in India stayed lower due to a weaker rupee.
Articles Tagged "rupee"
India’s gold futures have edged lower on overseas cues, strong rupee
India’s gold futures edged lower on Wednesday, tracking weak global markets and a strong rupee that makes the dollar-quoted metal cheaper. For full story, click here
India’s gold futures eased on strong rupee, global leads
India’s gold futures eased on Thursday forced by a strong rupee, making the dollar quoted asset cheaper, and following global cues. Gnanasekar Thiagarajan, director with Commtrendz Research in Mumbai, said: The upside could be seen till 15,400-15,450 (rupees) on strong euro, but it may be capped by a strong rupee. For full story, click here
Weakening rupee, falling stocks add glitter to gold
The yellow metal is again slowly going out of the common man’s reach. With the ongoing marriage season, the prices are jumping each day. For full story, click here
