Gold fell on profit selling today after it soared to a record high of $2080 per ounce in last session. European stocks jumped with the German DAX soaring 5%. The commodity currently trades down 1% at $2021 per ounce. MCX Gold raced above Rs 55000 per 10 grams and currently trades at Rs 53585 per 10 grams, down 1.30% on the day. Local traders also eyed a rebound in Indian Rupee which gained after testing an all time low earlier this week.The INR flipped back under 77 per US dollar mark today as local equities spiked from a seven month low. The INR closed at 76.55 per US dollar, rising 45 paise on the day.
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