New Delhi, Business Desk. Gold and silver became very expensive on Monday due to the ongoing war between Russia-Ukraine. According to the website of IBJA, on March 7 in the morning trade, gold rose by Rs 1450 to Rs 53234 per ten grams. At the same time, there was an increase of Rs 1989 in the price of silver in the morning trade and it came to Rs 69920 per kg. Let us know that this is the morning (AM Rate) rate.
Gold became costlier by Rs 95 to Rs 51784 per ten grams on Friday as compared to morning. Silver also jumped by Rs 188 to Rs 67931 per kg in the evening as compared to the morning. On Friday, the rupee fell below the 76 mark for the first time this year and hit an 11-week low. The rupee fell 23 paise to close at 76.17 against the US dollar, its lowest level since December 15, 2021.
The rupee fell 81 paise to 76.98 against the US dollar in early trade
The rupee on Monday fell 81 paise to 76.98 against the US dollar in early trade on intensifying geopolitical risks on the back of Russia-Ukraine conflict. Forex traders said rising tensions between Russia and Ukraine kept crude prices higher and raised concerns about domestic inflation and a wider trade deficit.
Sensex and Nifty fell nearly three per cent in early trade on Monday, tracking gains in oil prices amid weak global markets and Russia-Ukraine conflict. Extending its downtrend for the fourth straight session on Monday, the 30-share BSE Sensex opened on a weak note and shed 1,620.73 points or 2.98 per cent at 52,713.08.