×
61
Fashion Jobs
H&M
Product Compliance Specialist Within Physical Properties
Permanent · Stockholm
H&M
Product Labelling Specialist, Global Product Compliance Department
Permanent · Stockholm
H&M
Business Controller to Assortment
Permanent · Stockholm
H&M
Product Compliance Coordinator For Cosmetic And Chemical External Branded Products
Permanent · Stockholm
H&M
Buying Student Placement Fall 2020
Permanent · Stockholm
H&M
Art Buyer | h&m Studios
Permanent · Stockholm
H&M
HR Specialist h&m - Health And Work Environment
Permanent · Eskilstuna
H&M
HR Generalist h&m
Permanent · Eskilstuna
HOLLISTER CO
Retail Manager (Manager in Training) - Hollister Emporia - Full Time
Permanent · MALMÖ
H&M
Integration Solution Lead
Permanent · STOCKHOLM
H&M
Customer Service Agent - Finnish
Permanent · Borås
H&M
External Brand Coordinator
Permanent · Stockholm
H&M
External Brand Expansion Coordinator
Permanent · Stockholm
H&M
Print Design Assistant - h&m Home
Permanent · Stockholm
H&M
Product Designer - h&m Home - 6 Months Fixed Term Contract With The Possibility of Prolongation - From February 2020
Fixed-term · Stockholm
H&M
Cafémedarbetare
Permanent · Stockholm
H&M
Facility Manager Sweden
Permanent · Stockholm
H&M
Creative Lead, h&m Marketing & Communication
Permanent · Stockholm
H&M
Area Controller Trainee to h&m in Stockholm
Internship · Stockholm
H&M
Fashion Print Design Assistant
Permanent · Stockholm
H&M
Fashion or Print Design Student Placement Summer 2020
Permanent · Stockholm
H&M
Junior Pattern Maker
Permanent · Stockholm

India gold buying marginally up on strong rupee

By
Reuters
Published
today Jun 21, 2010
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

India gold buying picked up slightly on Monday afternoon as a strong rupee made the dollar-denominated yellow metal cheaper, dealers said.



"There is buying going around below $1,260 and at current levels," said a dealer with a state-run bullion dealing bank in Mumbai.

The most-active August contract was trading 0.50 percent lower at 18,754 rupees per 10 grams at 2:17 p.m., after hitting a low of 18,600 rupees, but well below the all-time high of 19,198 rupees struck on June 8.

The rupee strengthened to its highest level in more than a month on Monday, boosted by hopes China will allow gradual appreciation of the yuan while the dollar's losses against major currencies also helped.

The rupee plays a pivotal role in determining the landed cost of the yellow metal, which is quoted in dollars.

"Rupee is in supporting mode, that's why these deals," said another dealer with a private bullion dealing bank.

The onset of monsoon typically crimps gold demand in India as rural households, which account for 65 percent of total gold buying, slows as farmers use funds to buy seeds and fertiliser.

Gold imports into India may fall to less than 15 tonnes from 29.9 tonnes a year earlier as near-record prices and the onset of monsoon dent demand, a trade body official said.

© Thomson Reuters 2019 All rights reserved.