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Gold, silver rise on good buying, positive global cues

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Press Trust of India Mumbai
After a two-session downtrend, gold prices rose at the domestic bullion market today on good local buying interest due to marriage season off-take and firm overseas sentiment.

Silver also gained following sustained speculative demand.

Standard gold (99.5 purity) rose by Rs 215 to close at Rs 26,440 per 10 gram from Monday's closing level of Rs 26,225.

Pure gold (99.9 purity) also gained by a similar margin to finish at Rs 26,590 per 10 grams from Rs 26,375 previously.

Silver (.999 fineness) increased by Rs 165 to conclude at Rs 37,250 per kg as compared to Rs 37,085.

In overseas market, gold rose for a second straight session to close above USD 1,200 an ounce.
 

In London, spot gold rose 0.2 per cent to USD 1,205.74 an ounce in early trade, while silver was up by 0.6 per cent at USD 16.45 an ounce.

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First Published: Dec 09 2014 | 8:35 PM IST

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