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Everything from stocks to bullion markets is booming today. Gold-Silver witnessed a bumper rally today as Sensex-Nifty touched new highs. In the currency market, the rupee is also rising against the dollar today. The rupee rose 13 paise to 83.27 per dollar in early trade. The Indian currency rose as the dollar weakened in global markets amid indications that the US Federal Reserve may cut interest rates next year.
Sensex-Nifty is filling up
Today, Sensex has crossed 70500 to create another new history. Today it made a new all time high of 70573.83. During this period it recorded an increase of more than 1000 points. When Nifty reached the level of 21,205 for the first time. Around 1:26 pm Nifty was trading at 21198 with a bumper jump of 272 points while Sensex was trading at 70558 with a massive jump of 973 points. ,Read full news,
Gold and silver flew
Today on MCX gold price is witnessing a bumper jump of 2.21 percent and silver price of 4.54 percent. Gold futures for February 5, 2024 touched Rs 62550 per 10 grams today. At the same time, the future price of silver for March 5, 2024 is Rs 74777.
On the other hand, as the wedding season is coming to an end today, the gold and silver luster has increased in the bullion market. Talking about today, the price of gold has increased by 1253 rupees in a single day. While silver has also become expensive by 2796 rupees. In the bullion market today, gold opened at Rs 62454 per 10 grams. While today silver has opened at 73694 rupees per kg. ,Read full news,
The rupee is strengthening against the dollar
The rupee opened at 83.30 against the dollar in the interbank foreign exchange market. After this it touched 83.27 per dollar, an increase of 13 paise from the previous closing price. The Indian rupee fell four paise against the US dollar to close at an all-time low of 83.40 on Wednesday. The dollar index, which tracks the dollar’s position against six major world currencies, fell 0.33 percent to 102.53. At the same time, global oil standard Brent crude was trading at $74.47 a barrel, up 0.28 percent.