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latest business news live updates: have to invest money in gold and shares, first know what is the situation

New Delhi. Today can prove to be a good day for investors betting on the Indian stock market and gold. Today, due to the rise in the global market, the stock market seems to be on the rise, while there is a possibility of a rise in the prices of gold and silver. In today’s business, investors will be in a position to make double profits.

The Sensex closed at 61,624, down 171 points in the last trading session, while the Nifty reached 18,329 with a loss of 21 points. Experts say that in today’s business, investors will see the effect of the rise in the global market and if their sentiment is positive then the market will go towards buying. Sensex can also cross 62 thousand mark today.

gold prices increased
Even today there is disappointing news for the buyers of gold and silver in the wedding season. There has been an increase in the prices of gold and silver on the first trading day of the week i.e. Monday. 10 grams of gold has become costlier to Rs 52,850. At the same time, the price of one kg of silver has crossed 62 thousand. In the Delhi bullion market, gold rose by Rs 255 to reach Rs 52,850 per 10 grams on Monday. In the previous trading session, gold had closed at Rs 52,595 per 10 grams.

Retail inflation hits 3-month low
People are expected to get relief from inflation. Actually, the retail inflation rate has started decreasing in the country. Domestic Consumer Price Index (CPI) data for October 2022 has been released by the Ministry of Statistics and Program Implementation (MoSPI) on Monday. According to the latest data, the retail inflation rate has come down to 6.77 percent in October due to lower prices of food products.

Rupee drops 48 paise to close at 81.26 per dollar
The rupee opened on a strong note at 80.53 in the Interbank Foreign Exchange market. The rupee erased early gains during the trade and finally closed at 81.26 per dollar, down 48 paise against the American currency. This shows a fall of 48 paise in the rupee as compared to the previous trading session. On Friday, the rupee improved by 62 paise to close at Rs 80.78 per dollar.

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