Gold Prices Decline Marginally

A strong rupee pushed gold prices higher in India, even as gold in the international markets dropped marginally. Gold for 22 karats was trading near the Rs 28,000 levels as the precious metal saw some drop globally.

In the international markets gold dropped to $1177 an ounce, marginally fallling by $1. On the other hand, the currency also strengthened against a basket of currencies. Gold has been falling over the last few weeks and has dropped from levels of $1280 in the early part of November.

In India a few weeks ago, gold which was trading at levels of Rs 29,900 for 22 karats, has now dropped closer to the Rs 28,000 levels.

Check gold rates in Indian cities here

GoodReturns.in