Search: Look for:   Last 1 Month   Last 6 Months   All time

Gold price touches one month high

Delhi,National,Business/Economy, Tue, 10 Jan 2017 IANS

New Delhi, Jan 10 (IANS) Riding on improvement in demand and declining rupee, gold prices in India have hit a one-month high.

The price of the yellow metal on Tuesday was hovering around Rs 28,800 per 10 grams for 24 carats, as against around Rs 27,000 per 10 grams a month back.

"Demand is slowly picking up in domestic market because of wedding season. In November there was no demand due to demonetisation. Also rupee has weakened against dollar by almost 90 paise in the last one month," Bachhraj Bamalwa, director, Nemichand Bamalwa and Sons told IANS.

He also added that in the international market there is not much activity since December's third week as most of the people are on annual leave during this time.

--IANS

ag/vd


LATEST IMAGES
Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.