Now Indian Rupee is not competing with dollar. Indian Rupee decreased to it's lowest level on last Friday. At present Rs.62 are equivalent to 1 US Dollar. Still the price of gold is increasing at a drastic rate. Within just one day price of gold has increased by Rs.1310.
In Delhi, gold rate has reached upto rupees 31,010 per 10 gm. Gold has enriched the rate of Rs.30, 000 per 10 gm with the boom of 3.56 percent in Multi Commodity Exchange. Rate of silver is come upto the level of Rs.49, 500 per kg with the boom of Rs.3000.
Rate of gold is increased because of the positive attitude in foreign market and commencement of festival season. At the same ground, rupee is noted with a decrement of 3.5 percent last month and decrement over the whole year is 12.7 percent. On Wednesday, rupee was closed on 61.43 with the decrement of 24 paisa in comparison with US dollar.