Gold prices scaled a new intraday high of $1070.80 troy ounce in the international spot markets on Wednesday. Reflecting the trend overseas, gold in domestic markets have scaled the 16k peak and could have seen quoting higher were it not for the rupee’s appreciation against the dollar.
Free Nifty Tips
As gold is a dollar denominated asset a fall in the dollar makes it cheaper for holders of other currencies.
Related Pages :
