look news india
Mumbai: The results of the Lok Sabha elections did not come as expected and the so-called fall in the stock market affected the rupee against the dollar. The dollar saw an increase of 38 paise. This is the first time since February last year that the rupee has seen such a big fall in percentage terms. The rupee has fallen by 0.47 percent against the dollar. The rupee weakened against global currencies. Meanwhile, Sonakhand was waiting face-to-face at home.
Amid the election results, gold saw a slight improvement while silver fell by more than Rs 1,300. Crude oil declined after OPEC announced easing of restrictions.
In the local jewellery market, gold of 99.90 per ten grams rose marginally to Rs 71969. The price of ten grams of 99.50 was Rs 71681. GST increased prices by three percent. In comparison to gold, Mumbai silver prices fell by Rs 1,380 to Rs 90,217 per kg. GST increased prices by three percent.
In Ahmedabad market, 99.90 gram gold was quoted at Rs 74,400 and 99.50 gram gold was quoted at Rs 74,200. Silver .999 was sold at Rs 90,500 per kg. In the global market late in the evening, gold fell by $ 19 to $ 2331 per ounce while silver was quoted at $ 29.82.
The rupee fell 38 paise to 83.53 against the dollar due to a decline in the stock market. In percentage terms, the rupee fell 0.47 percent, the first major one-day fall since February 2023. Apart from this, the pound improved by 13 paise to Rs 106.51 and the euro rose by 9 paise to Rs 90.67.
Crude oil prices fell after OPEC announced plans to ease supply restrictions over the next 12 months. NYMEX crude oil was quoted at $72.90 per barrel and ICE Brent crude oil was quoted at $77.20 per barrel.