Tension in market due to US-Iran conflict, Rupee depreciated while gold rises
Tension in market due to US-Iran conflict, Rupee depreciated while gold rises
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New Delhi: Due to strong international trend and rupee depreciation, gold has risen by Rs 752 to Rs 40,652 per ten grams in Delhi on Friday. Gold had closed at Rs 39,900 per ten gram on Thursday. According to HDFC Securities, silver has also gone up by Rs 960 to Rs 48,870 per kg.

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Earlier, silver had closed at Rs 47,910 per kg on the previous trading day. While giving the information, HDFC Securities (Consulting Head - PCG) Devesh Advocate said, 'Due to the strong price in the international market and the rupee depreciation, the 24-carat gold spot price in Delhi reached Rs 40,652 per ten grams.'

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On Friday, the Indian rupee had lost 42 paise against the US dollar to close at 71.80 rupees per dollar. The lawyer has said, "Gold prices have increased due to a rise in global buying due to increasing geopolitical tensions." After the death of Iranian commander General Qasim Suleimani in the US attack, there is growing speculation in the Gulf region.

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