Indian gold and silver futures reach record highs as rupee weakens
Indian gold and silver futures reached record highs as the rupee approached an all-time low. The surge reflects the impact of currency on commodity prices.
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Investors in India 
INwitnessed a historic surge in precious metal prices as domestic contracts reached unprecedented levels on Tuesday. Indian gold futures rose 2.4% to a record high of 159,820 rupees per 10 grams while silver futures jumped 6% to an all-time high of 354,780 rupees per kg. These movements are directly linked to the performance of the local currency as the rupee is near an all-time low against the dollar.
INwitnessed a historic surge in precious metal prices as domestic contracts reached unprecedented levels on Tuesday. Indian gold futures rose 2.4% to a record high of 159,820 rupees per 10 grams while silver futures jumped 6% to an all-time high of 354,780 rupees per kg. These movements are directly linked to the performance of the local currency as the rupee is near an all-time low against the dollar.
