As a result, investors were left poorer by Rs 1.3 lakh crore with the BSE’s market capitalisation now at a little less than Rs 272 lakh crore. In the bullion market, however, the price of gold shot up to a new all-time high when the futures contract for February on the MCX were traded at Rs 57,149 per 10 grams. The weakness of the rupee and expectations of a recession in the US is pushing gold price higher.
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