Gold price becomes very uncomfortable today
Posted on: 29/Aug/2013 4:35:47 PM
It seems that Gold will be a dream because of its rising streak. Today it constantly climbed cross Rs 34,000 per 10 gram level for the first time ever in futures trade today as rupee tumbled to hit an all-time low of Rs 68.75 amid a firming trend overseas.
Market analysts attributed rise in gold prices at futures trade to sliding rupee which tumbled to a historic low of Rs 68.75, making dollar-quoted precious metal expensive, and pick-up in demand at the spot market for the festive and upcoming marriage season.
