Gold prices soared to unprecedented levels on Monday, reaching Rs 1 lakh per 10 grams in the physical market after accounting for GST. The MCX June gold contracts also hit a record high of Rs 97,288 per 10 grams, marking a significant surge of over 2% in a single day.
Rupee touches one-week high; RBI plans to ease dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.