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Gold price set to climb higher on weakening rupee; demand may take a hit

Gold price set to climb higher on weakening rupee; demand may take a hit

16 Dec 2021

Gold prices have increased Rs 250-300 per 10 grams as the rupee has depreciated against the dollar, said Ashish Pethe, chairman of All India Gem & Jewellery Domestic Council. “But since internationally gold prices have not jumped, we might not see an immediate spike in gold prices in India,” he said.