# Returns on gold sparkle as rupee loses to US dollar

> An article on gold returns notes that gold rose 32.6% over the year to April 30, reaching $1,702.80 per troy ounce, and gained 45.3% in rupee terms. The rally reflects central bank money printing and the rupee's weakness against the dollar.

- Date: 2020-06-01 · published 2020-06-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/53409-returns-on-gold-sparkle-as-rupee-loses-to-us-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Gold has no direct link to feed grain or oilseed prices, so the effect on animal feed markets is minimal.

## Sources

- livemint.com: https://www.livemint.com/market/commodities/returns-on-gold-sparkle-as-rupee-loses-to-us-dollar-11588516124393.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.