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Gold regains glitter on low-level buying

Sat, Nov 08, 2014, 04:35 PM
New Delhi, Nov 8: Gold prices jumped by Rs 650 to close at Rs 26,450 per 10 grams in New Delhi Saturday on emergence of buying by jewellers due to global cues. The jump was the biggest gain since June 20.

Silver also recorded a significant recovery of Rs 650 to Rs 35,550 per kg on increased offtake by industrial units.

In Delhi, gold of 99.9 and 99.5 per cent purity zoomed by Rs 650 each to Rs 26,450 and Rs 26,250 per 10 grams, respectively.

Sovereign also gained Rs 100 at Rs 23,700 per piece of eight gram.

On Friday, gold had slumped to over four-year low of Rs 25,800 per 10 grams.

Also, silver ready spurted by Rs 650 to Rs 35,550 per kg. Silver coins, however, lacked necessary buying support and traded lower by Rs 1,000 at Rs 58,000 for buying and Rs 59,000 for selling of 100 pieces.
Agency: Ap7am Desk

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