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Gold crosses Rs 29000 for 10 gms

Wed, Feb 24, 2016, 05:34 PM
While the prices of oil and commodities were coming down, gold was on the rise on Wednesday, exceeding Rs.29000 for 10 gms. This follows the onset of the marrige season in the country.

In the bullion market, gold price went up by Rs.190 reaching Rs 29,100 and silver came down by Rs 150 to touch Rs 37,100 for a kilo.

In the international market, gold price is hovering at $1299.11 for an ounce.

In the futures market, gold price is forging ahead. For the April 5 contract prices, gold price rose by 0.78% or Rs 29,531 as compared to the previous contract price. Silver price also rose by 0.5% at Rs 37,369.

Crude oil price however came further down following the Organisation of Petroleum countires decision to increase the output. Brent crude price fell by 15 cents reaching $33.12 a barrel.
Agency: Ap7am Desk
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