Today US Payrolls data show increase by 1,95,000 workers for a second straight month according to the Labor Department in Washington
Higher than expected job data in US has pulled down gold prices in international market as dollar strengthened. However strong dollar has resulted in Indian rupee quoted at sharply lower and was traded at around Rs 61 on DGCX indian ruee-USD futures.
Today US Payrolls data show increase by 1,95,000 workers for a second straight month according to the Labor Department in Washington.
Gold prices in international market were down by nearly 3% to $1212 per ounce but US dollar-Indian rupee futures traded on Dubai based DGCX was quoted at Rs 61 following stronger dllar.
Dollar index was also quoted at 0.82% up at 84.64 points.
Indian rupee against USD today closed in local market at Rs 60.24 per dollar but after US announced jb data rupee tanked. On DGCX dollar went up to as high as Rs 61.4 and was traded at Rs 61.1 by 8 pm Indian time.
Lower rupee has restricted fall in gold prices in Indian market but was quoted 1.3% lower at around Rs 25,800 per 10 gram on MCX. SGX NIFTY was quoted at 5833 points against close on NSE at 5867.90.
Source: Buiness Standard