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Gold prices hit eight-month low - Should you invest now?


Gold prices hit eight-month low - Should you invest now?
Most industry experts expect a further fall in the gold price. With yields rising and technical levels under fire, the fall in gold prices may continue, they say. Some even expect the prices to fall to Rs 43,000 levels
Representative Image
After a huge rally last year, gold prices have softened to Rs 45,980 per 10 gram on Friday, to hit its eight-month low. The prices of the yellow metal have fallen by over Rs 10,000 or 18% from the highs of Rs 56,200 per 10 gramme in August 2020. Year to date, gold prices are down by about 8% this year. The rise in the US Treasury yield and stronger dollar, optimism of a larger economic stimulus package, and the vaccination drive have led to downside pressure on gold prices. ....

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Rupee Pares Losses To End 9 Paise Higher At 72 65 On Weak Dollar Forex Inflows


BW Businessworld
Rupee Pares Losses To End 9 Paise Higher At 72.65 On Weak Dollar, Forex Inflows
The domestic unit finally ended 9 paise higher at 72.65 against the US dollar. On Wednesday, the rupee had settled at 72.74 against the American currency.
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The rupee pared its initial losses to settle higher by 9 paise at 72.65 against the US dollar on Thursday following consistent forex inflows and losses in the American currency in the global markets.
At the interbank foreign exchange market, the domestic unit opened lower at 72.76 tracking selloff in domestic equities. The rupee touched a low of 72.78 and a high of 72.65 during the day. ....

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Rupee Vs Dollar Rate Today: Paring Initial Losses, Rupee Gains To 72.65 Against Dollar Even As Domestic Markets Extend Losses


Rupee Vs Dollar Today: The local unit closed at 72.65 against the American currency.
Rupee Vs Dollar Today: The rupee pared its initial losses to settle higher by nine paise against the US dollar on Thursday, February 18, at 72.65 (provisional) against the US dollar on Thursday, tracking losses in domestic equities. At the interbank foreign exchange market, the local unit opened lower at 72.76 tracking selloff in domestic equities and touched an intraday high of 72.65. It registered a low of 72.78 during the day. In an early trade session, the domestic unit opened flat, slipping two paise to 72.76 against the dollar. On Wednesday, February 17, the local unit had settled at 72.74 against the American currency. ....

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