Gold rises Rs 250 to Rs 80,550 per 10 gm; silver steady at Rs 93,000 per kg

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Gold rises Rs 250 to Rs 80,550 per 10 gm; silver steady at Rs 93,000 per kg - Business Standard

Quick Summary:

Gold prices rose Rs 250 to Rs 80,550 per 10 grams in the national capital on Friday as rupee hit record low amid consistent buying from retailers and stockists, according to the All India Sarafa Association.

However, silver traded flat at Rs 93,000 per kg on Friday.The price of gold of 99.5 per cent purity continuing to shine bright for the fourth straight session by appreciating Rs 250 to Rs 80,150 per 10 grams.

Meanwhile, the rupee declined 14 paise and touched the crucial 86-mark for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds.