Rupee rises 13 paise at 73.29 against USD, gold gains Rs 146

Mumbai, May 14 (PTI): The Indian rupee strengthened by 13 paise to end at 73.29 (provisional) against the US dollar on Friday, tracking weaker American currency in the overseas market.
At the interbank forex market, the local unit opened at 73.41 against the greenback and witnessed an intra-day high of 73.22 and a low of 73.41. It finally ended at 73.29 against the American currency, registering a rise of 13 paise over its previous closing. On Wednesday, the rupee had settled at 73.42 against the American currency.
The forex market was closed on Thursday on account of Id-Ul-Fitr. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.23 per cent to 90.54.
Gold rose by Rs 146 to Rs 47,110 per 10 gram in the national capital on Friday following recovery in global precious metal prices, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 46,964 per 10 gram. Silver also gained Rs 513 to Rs 70,191 per kilogram from Rs 69,678 per kilogram in the previous trade.
“Spot gold prices for 24 carat in Delhi rose by Rs 146 with recovery in COMEX (New York-based commodities exchange) gold prices. Gold prices in India traded up on the occasion of ‘Akshaya Tritaya where buying gold is said to be a good omen,” according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel .
In the international market, gold was trading with gains at USD 1,834 per ounce and silver was flat at USD 27.20 per ounce.
Gold prices halted two days of decline on Friday supported by a weaker dollar, he added.

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