Spot Gold Higher on Weaker Rupee, Traders Still at Bay

- November 15th, 2011

Reuters reported that a lower rupee caused spot gold prices to rise in India.

Reuters reported that a lower rupee caused spot gold prices to rise in India.

As quoted in the market news:

HDFC Bank quoted spot gold at 29,395 rupees per 10 grams on Tuesday, up 0.4 percent on day. The most actively traded gold futures contract was almost flat at 28,902 rupees per 10 grams, after touching 29,024 rupees earlier.

Click here to read the full Reuters report.

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