Nagpur: After the deterioration during Diwali and also falls more than RS450 A Turea as soon as Dhanteras, the gold rate has bounced back on inflation problems.
At RS49,700 tola, gold rates are on the active Dhanteras November 2.
Silver also rises RS2,000 at RS67,500 A Kg in the Nagpur Market.
The fall caused by concerns about the increase in interest rates which is likely to be announced by the US Reserve Fed.
However, the tariff is intact.
Rising Inflation has shifted the investment of hedging funds to yellow metals, making gold expensive.
In India, a weaker rupee has added a rally.
Gold is a dollar denomination asset.
So, if the greenback is increasingly expensive to fight the rupee, it makes Gold Costlier.ashish Pethe, the chairman of the gem and domestic board jewelry, said the rally has influenced demand demand.
“The level of physical sales is expected to increase after a stable rate,” he added.
Pete said the tariff has risen because of inflation because gold has become a hedge against it.
There is no khandelwal, a former chairman of the council, said last month as many as 90 tons of gold imported.
This is enough to meet the request.
“However, if buying continues because consumers may expect to utilize the rally, annual imports can touch 1000 tons,” he said.
Rakesh Rokde from Nagpur Sarafa Association said even Indian demand is expected to have a role in gold.
general meeting.
Rally once again caused an increase after Dhanteras.
Gold rates rose again after Diwali, Dhanteras slumped
