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Gold inches up by Rs 25, halts 5-day slide

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Press Trust of India Mumbai
Snapping its five-day fall, precious gold made a modest comeback at the domestic bullion market here on renewed local buying at lower levels.

Silver also staged a smart rebound due to good industrial demand.

Standard gold (99.5 purity) edged up by Rs 25 to settle at Rs 25,900 per 10 grams from yesterday's closing level of Rs 25,875.

Pure gold (99.9 purity) also gained by a similar margin to end at Rs 26,050 per 10 grams against Rs 26,025 earlier.

Silver (.999 fineness) rose by Rs 100 per kg to conclude at Rs 36,100 compared with Rs 36,000 yesterday.

Overseas, the shiny-metal regained some lost ground on value buying as well as hectic short-covering ahead of much awaited US non-farm payrolls data later in the day.
 

Spot was trading higher at USD 1,109 an ounce in early European session, while silver quoted up at USD 15.03 an ounce.

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First Published: Nov 06 2015 | 8:28 PM IST

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