Dollar to Rupee Future Forecast

Gold on the run surpasses Rs. 56400 mark As central banks across the world continue to infuse money into the system to insulate their economies from the impact of COVID slowdown, investors globally have stepped up their safe-haven play by betting on the yellow metal. The sharp decline in demand for jewelry in the world’s two largest markets - China and India, was more than offset by the jump in demand for gold exchange-traded funds (ETFs). Along with gold, the demand for silver as an investment avenue is also on the rise. Combined with industrial demand for silver, the price of this metal is also nearing record levels globally, industry experts said. After the gold futures price on the Chicago exchange topped the $2,000 per ounce mark for the first time in history and raced above the $2,060 mark, the price in India for the precious metal crossed the Rs 56,000/10 gram mark on MCX, an all-time peak, on Thursday. And silver, after breaking above the Rs 70,000 per kg mark is wit...