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Gold firms up on renewed stockists demand; silver tops 37k

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Press Trust of India Mumbai
Gold prices firmed up at the domestic bullion market here due to emergence of buying from stockists and jewellers as well as good seasonal demand.

Elsewhere, silver maintained its strong rising trend and reclaimed the key Rs 37,000 mark - highest level in six weeks on heavy industrial demand.

Standard gold (99.5 purity) rose by Rs 60 to conclude at Rs 26,270 per 10 grams from Monday's close of Rs 26,210.

Pure gold (99.9 purity) also climbed by a similar margin to settle at Rs 26,420 per 10 grams against Rs 26,310.

Silver (.999 fineness) shot up by Rs 970 to finish at Rs 37,200 per kg from Rs 36,230 earlier.
 

In worldwide trade, the shiny-metal continued to gain strength following a string of disappointing US macro data outcome and also expectations of interest rate hike delay from the Federal Reserve.

Spot was substantially higher at USD 1,139 an ounce in early European trade and silver quoted at USD 15.68 an ounce.

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First Published: Oct 06 2015 | 6:32 PM IST

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