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20211125_112632

Gold Gains Rs 30, Silver Jumps Rs 856 Amid Rise In Rupee

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The yellow metal in its previous trade, had reached Rs 52,701 per 10 grams. Silver on the same lines too jumped Rs 856 to Rs 61,518 per kilogram

The gold price in the national capital surged Rs 30 to Rs 52,731 per 10 grams on 22 November after the rupee appreciated, according to media reports.

The yellow metal in its previous trade, had reached Rs 52,701 per 10 grams. Silver on the same lines too jumped Rs 856 to Rs 61,518 per kilogram.

The rupee appreciated by 14 paise to 81.65 as against the US dollar during early trade on 22 November as the American currency lowered from its elevated levels.

The gold was up at USD 1,741.95 per ounce whereas the silver was traded higher at USD 21.05 per ounce, in the international market.

According to market analysts, the COMEX gold is being traded nearly at USD 1,740 as the dollar showed lower. The traders are waiting for the Federal Reserve’s minutes due tomorrow for hints on the central bank’s monetary policy tightening path.

rupee

Rupee 14 Paise Up To 81.65 Against US Dollar During Early Trade

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The Indian rupee started at 81.72 against the dollar and further was recorded at 81.65. Brent crude futures, moved 0.50 per cent up to USD 87.89 per barrel, it is the global oil benchmark

The rupee went up by 14 paise to 81.65 against the US dollar during early trade on 21 November. This came after the American currency withdrew from its elevated levels.

According to the Forex traders, foreign fund outflows and a lowered trend in domestic equities pulled-on the local unit and restricted the appreciation bias.

The Indian rupee started at 81.72 against the dollar and further was recorded at 81.65. It registered a rise of 14 paise as compared to its previous close at the interbank foreign exchange.

The rupee depreciated by 5 paise, closing at 81.79 against the US dollar, on 21 November.

At the same time, the dollar index, fell 0.24 per cent to 107.57. It measures the greenback’s strength against a basket of six currencies, on 21 November.

Expectedly, the Indian rupee may trade in a range-bound manner along with the boosted American currency and cautiousness in the markets. This came after the fears of a return to stricter COVID restriction measures in China, which weighed on Asian currencies, according to the experts.

Brent crude futures, moved 0.50 per cent up to USD 87.89 per barrel, it is the global oil benchmark.

The 30-share BSE Sensex traded at 52.74 points or 0.09 per cent higher at 61,197.58. The broader NSE Nifty surged 13.25 points or 0.07 per cent to 18,173.20, in the domestic equity market.

Foreign Institutional Investors (FIIs) sold shares worth Rs 1,593.83 crore, resulting in being the net sellers in the capital markets on 21 November, revealed the exchange data.