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Gold prices jump and rupee rises to 4-month high as dollar falters

Brent crude, too, rose in line with the broader financial market and its futures reached $53.33 a barrel, the highest since March 2020

Topics
Gold Prices | rupee jumps | oil prices rise

Agencies 



gold, gold price, gold rally
In India, standard gold rose Rs 877 to Rs 50,619 a 10 gram in the national capital

Gold started the new year on a high in the international market by notching an eight-week peak on Monday, as the dollar slipped broadly to mid-2018 lows with investors selling it for just about everything else in the Asia session, wagering the world’s pandemic recovery would drive other currencies higher. The rupee closed at a four-month high of 73.02 after appreciating 9 paise.

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First Published: Tue, January 05 2021. 01:15 IST

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