Rupee surges 17 paise at 72.60 against USD, gold declines Rs 319

Mumbai, May 27 (PTI): The rupee strengthened by 17 paise to end at 72.60 (provisional) against the US dollar on Thursday, tracking positive domestic equities.
At the interbank forex market, the local unit opened at 72.75 against the greenback and witnessed an intra-day high of 72.53 and a low of 72.76.
It finally ended at 72.60 against the American currency, registering a rise of 17 paise over its previous close. On Tuesday, the rupee had settled at 72.77.
Forex market was closed on Wednesday on account of Buddha Purnima.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.02 per cent to 90.02.
Gold declined Rs 319 to Rs 48,223 per 10 gram in the national capital on Thursday amid rupee appreciation, according to HDFC Securities.
In the previous trade, the precious metal closed at Rs 48,542 per 10 gram.
Silver also went lower by Rs 1,287 to Rs 70,637 per kilogram from Rs 71,924 per kilogram in the previous trade.
Spot gold prices for 24 carats in Delhi fell by Rs 319 amid rupee appreciation, according to HDFC Securities.
In the international market, gold was trading higher at USD 1,900 per ounce and silver was flat at USD 27.70 per ounce.
“Market is awaiting the US GDP and jobless claims data due in the evening session,” according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

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