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Gold, silver rebound on fresh demand

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Press Trust of India Mumbai
Last Updated : Nov 04 2016 | 6:07 PM IST
After its yesterday's fall, gold prices recovered by Rs 185 per ten grams at the domestic bullion market here on fresh demand from jewellery stockists amid lower level local buying interest.
Silver also rose by Rs 305 per kg to regain the Rs 44,000-mark on good speculative offtake and industrial demand.
Standard gold (99.5 purity) moved up by Rs 185 to close at Rs 30,660 per 10 grams from Thursday's closing level of Rs 30,475.
Pure gold (99.9 purity) also added by a similar margin to end at Rs 30,810 per 10 grams as against Rs 30,625 previously.
Silver (.999 fineness) climbed by Rs 305 a kg to close at Rs 44,035 as compared to Rs 43,730 yesterday.
Globally, gold eased as the dollar clawed back some lost ground ahead of US non-farm payrolls data later, but the metal stayed on track for its biggest weekly rise since mid September on jitters over next week's US election.
Spot gold was down 0.1 percent at USD $1,302.36 an ounce in early trade, while US gold futures for December delivery were little changed at USD 1,303.40.
Silver was up 0.1 percent at USD 18.32 an ounce, on track to post its third consecutive weekly rise.

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First Published: Nov 04 2016 | 6:07 PM IST

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