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Returns on gold sparkle as rupee loses to US dollar

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Gold prices have rallied a lot over the last one year, especially as central banks around the world are going back to printing money to revive their economies.

Mint takes a look at the situation Gold prices have rallied a lot over the last one year, especially as central banks around the world are going back to printing money to revive their economies.

However, in the case of India it is a little more than just that. Mint takes a look at the situation. How much has gold rallied in last one year? Gold is bought and sold internationally primarily in dollars.

Between 1 May 2019 and 30 April 2020, the yellow metal has given a return of 32.6%. As of 30 April, the price of gold was $1,702.80 per troy ounce (one troy ounce equals 31.1g).

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