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Home>Coins dealers headline>India gold prices hit record high on safe-haven rush, weak rupee

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India gold prices hit record high on safe-haven rush, weak rupee

IMG Auteur

USA Gold

Published : January 07th, 2020

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	INDIA WATCH Reuters/Rajendra Jadhav/1-6-2020 “Gold prices in India jumped over 2% on Monday to record levels amid a rush to invest in safe-haven assets globally as well as a steep fall in the rupee, dampening demand for the precious metal in the world’s second-biggest consumer.” USAGOLD note: The last third of that sentence seems a bit incongruous with the other two thirds. . . .We have said all along that demand in India would rise as the value of the rupee fell – a point of view at odds with what a good many experts on gold demand in India predicted.

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