India gold prices hit record high on global cues, weak rupee
A salesman arranges gold bangles inside a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Mumbai/ MUMBAI (Reuters) - Gold prices in India jumped over 2% on Monday to record levels, following gains in overseas markets and as the rupee fell to a five-month low, dampening demand further in the world's second-biggest consumer of the precious metal. Local gold futures hit an all-time high of 36,990 rupees ($524.70) per 10 gram, taking their gains to more than 17% in 2019. "Demand is negligible due to ...
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