04:08
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Gold prices recovered by Rs 95 to Rs 27,285 per 10 grams at the bullion market today on emergence of buying by jewellers to meet wedding season demand amid a firm global trend.
Silver followed suit and rebounded by Rs 200 to Rs 37,400 per kg on increased offtake by industrial units and coin makers.
Bullion traders said apart from fresh buying by jewellers, a firming global trend mainly supported the upside in the precious metals.
Globally, gold in Singapore rose 0.4 per cent to $1,217.78 an ounce after minutes from the Federal Reserve’s January meeting signalled many officials were inclined to keep interest rates near record lows for longer.
Silver also rose 0.8 per cent to $16.63 an ounce. In the national capital, gold of 99.9 and 99.5 per cent purity recovered by Rs 95 each to Rs 27,285 and Rs 27,085 per 10 grams, respectively.
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Posted in: Indian Market Tips
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