
Markets
Gold falls ₹74, silver tumbles ₹771
PTI Gold prices on Thursday fell by ₹74 to ₹38,985 per 10 gram in the national capital on rupee appreciation. The precious metal had closed at ₹39,059 per 10 gram in the previous trade, according to HDFC Securities. Silver also dropped by ₹771 to ₹45,539 per kg from ₹46,310 per kg on Wednesday.“Spot gold for 24 Karat in Delhi declined by ₹74 on rupee appreciation along with strong Asian currencies. The spot rupee was trading 7 paise stronger against the dollar during the day,” HDFC Securities
Markets
Rupee rebounds 24 paise as RBI maintains accommodative stance
PTI The Indian rupee rose sharply in the last hour of trade to settle 24 paise higher at 71.29 to the US dollar on Thursday after the RBI promised to continue with accommodative stance in its monetary policy. The central bank, however, decided to keep key interest rate unchanged in its fifth bi-monthly monetary policy for this ongoing fiscal, a move that widely surprised investors who were expecting at least 25 basis points cut in policy rate. The Indian unit traded on a flat note for a better part