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Gold price unchanged at Rs 47,680 per 10 gm, silver at Rs 71,400 a kg

Gold prices traded flat in India on Thursday despite easing in the international markets ahead of the release of the US inflation data

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Gold is considered a hedge against inflation likely spurred by large stimulus from central banks and governments around the world.

BS Web Team New Delhi
The price of 22 carat gold on Thursday remained unchanged at Rs 47,680 for 10 gm, according to the Good Returns website. Silver dipped by a margin of Rs 300 to Rs 71,400 per kg.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.

In New Delhi, the price of 22-carat gold dipped by a minuscule margin to Rs 48,040 per 10 gram from Rs 48,040 a day ago. In Chennai, it remained static at Rs 46,3000. The rate in Mumbai was Rs 47,680, unchanged from Wednesday.

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