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Gold ends with modest gains, silver spurts

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Press Trust of India Mumbai
Last Updated : Jan 24 2013 | 2:11 AM IST

Silver spurted on heavy speculative demand following renewed industrial buying.

Standard gold (99.5 purity) moved up by Rs 30 to close at Rs 29,170 per 10 grams from Thursday's closing level of Rs 29,140.

Pure gold (99.9 purity) gained Rs 25 to finish at Rs 29,300 per 10 grams from Rs 29,275.

Silver ready (.999 fineness) surged by Rs 655 per kg to conclude at Rs 53,000 from Rs 52,345 previously.

In Europe, gold rose in line other commodities on positive Chinese growth data, though cautiousness following doubts over US economic stimulus capped gains.

Spot gold was bid higher at USD 1,579.40 an ounce in early trade. Silver was also bid up at USD 27.34 an ounce.

  

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First Published: Jul 13 2012 | 6:35 PM IST

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