Gold and Silver commodities have seen a downfall before U.S. non-farm payroll data which is to come today. Yesterday, the hiring in the private sector which has reached a record level of 1 year, can affect today's jobs data.
With 0.2 per cent on MCX gold is trading near Rs 29140. While silver fell 0.6 per cent and come down to Rs 44,200.
The appreciation of the rupee continues today. In the U.S., generally when data comes positive, the dollar gets strong but in last 2 days, the rupee has risen to 61.64 against the dollar.
Domestic factors are likely to responsible behind the rising rupee. It is believed that the results are predictable and could strengthen the rupee.
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