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Rupee remains range-bound amid dollar strength; gold loses as tariff
The Statesman Bhubaneswar
|July 27, 2025
Despite global gold prices easing, Indian bullion prices remained flat this week while the rupee slightly declined compared to the US dollar due to outflows of foreign funds.
The price of 24-carat gold (10 gram) started the week at Rs 98,896 on Monday, rose to Rs 1,00,533 on Wednesday, and ended the week at Rs 98,880, according to data published by the India Bullion and Jewellers Association (IBJA).
"Gold traded weak by another $25 at $3345, down 0.70 per cent, as expectations of tariff deals between the US and trade partners like Japan and the EU reduced safe-haven appeal. These developments may keep gold volatile, especially at elevated levels," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
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