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Gold firms up on better uptick amid overseas cues

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Press Trust of India Mumbai
Gold prices maintained their renewed momentum for the third straight session at the domestic bullion market on increased offtake by retail consumers amid good seasonal buying support.

Silver also rallied further owing to sustained industrial demand.

Standard gold (99.5 purity) rose by Rs 25 to close at Rs 26,380 per 10 grams from Wednesday's closing level of Rs 26,355.

Pure gold (99.9 purity) also added by a similar margin to finish at Rs 26,530 per 10 grams, as against Rs 26,505.

Silver (.999 fineness) climbed by Rs 155 to conclude at Rs 37,260 per kg compared with Rs 37,105 yesterday.
 

On the global front, the yellow-metal dropped modestly after recent rally, but traded above the USD 1,200-level as investors awaited the outcome of the European Central Bank's monthly policy meet as well upcoming US employment data.

Spot gold was bid lower at USD 1,203.80 an ounce in early European trade.

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First Published: Dec 04 2014 | 6:22 PM IST

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