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The Dubai Jewellery Group data showed 24K trading at Dh227.0 per gram on Thursday at 9am
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Gains from firm domestic stocks were offset by rise in crude oil prices, the US dollar index remaining above the 106-mark against the leading currencies
The dollar index hit its highest level since late November 2022
The Dubai Jewellery Group data shows 24K opening at Dh229.75 per gram on Wednesday as compared to last night’s close of Dh231.0 per gram
It recovers from its steep loss in the past two sessions amid a massive selling by foreign equity investors and a strengthening American currency
Bonds are seen as the best bets, offering good and stable returns amidst high-interest rates
Forex.com announces a partnership with Capitalise.ai during Forex Expo Dubai 2023
Subdued equity market sentiment, elevated level of crude oil prices put downside pressure on the Indian currency, forex traders say
Investors are awaiting a key consumer inflation report for more cues on whether the Federal Reserve will hike interest rates once again this year
Withdrawal of foreign funds from domestic equities and upward movement in crude oil prices also weighed on the Indian currency, forex traders say