Tue, Mar 3, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Currencies more

Gold prices spiral out of control as Rupee tumbles

Posted on 29 August 2013

Gold prices surged to an all-time high in India on Tuesday as the rupee descended to record lows against the dollar yet again, and safe-haven investment in the yellow metal increased globally.
Gold prices closed at Rs32,585 per 10 gram, up 2.5% from Monday’s levels, according to the Bombay Bullion Association. Prices inched up internationally as well by 1% to $1,421 on worries of rising risk to global growth from expected tapering of quantitative easing in the US starting next month………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39476 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031