₹600 on Friday to settle near record highs of about ₹48,000 per 10 gram on Friday. Silver futures also finished up 1.5% higher at ₹48,598 per kg.
US gold futures rose more than 1% on Friday, settling above the technical barrier of $1,750 an ounce.Here are 10 things to know about gold price rally this year:1) So far this year, gold prices in India are up 23% in just six months, following a 25% rally last year.2) In India, gold prices are influenced by global rates and rupee-US dollar exchange rate.
The rupee closed at 76.19 against the US dollar on Friday and is down about 7% so far this year against the greenback.3) Global prices have rallied about 15% this year, supported by safe-haven demand in the midst of concerns of an economic.