Spot gold prices plunge 0.94% to Rs 28,800 per 10 gm

 Gold prices fell by 0.94% on Tuesday in the physical market to Rs 28,800 per 10 gm from Rs 29,075 per 10 gm on Monday giving the Indians a chance to buy gold even after Akshay Tritiya that saw gold demand going up by 15% -30% on last Friday. 

In the international market, gold prices on Tuesday were near three-week lows hit in the previous session on diminishing demand for safe-haven bullion as Asian equities rallied and the US dollar gained versus the yen. Spot gold was mostly unchanged at $1,256.77 per ounce. 

The Indian rupee on Tuesday strengthened against the US dollar, tracking gains in the Asian currencies markets. The rupee opened at 64.14 a dollar and touched a high of 64.12. At 9.15am, the rupee was trading at 64.15 a dollar, up 0.15% from its Friday’s close of 64.25. On Monday, markets were closed due to World Labour Day. At around 1 pm rupee was trading at64.18 against dollar.
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