29.08.2013 - Gold prices spiral out of control as Rupee tumbles
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
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