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Gold, silver surge on sustained buying, global cues

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Press Trust of India Mumbai
Gold prices gained at the domestic bullion market here on sustained buying from jewellery stockist and traders on the back of higher global cues.

Elsewhere, silver also rallied due to bullish speculative buying amid good industrial demand.

Standard gold (99.5 purity) climbed by Rs 295 per 10 grams to close at Rs 25,310 from Friday's closing level of Rs 25,015.

Pure gold (99.9 purity) also rose by a similar margin to end at Rs 25,460 per 10 grams against Rs 25,165.

Silver (.999 fineness) advanced by Rs 375 to conclude at Rs 33,985 per kg compared to Rs 33,610 previously.
 

Globally, gold rallied more than 1 per cent, buoyed by rising tensions in the Middle East and a sharp drop in stocks and dollar following weak Chinese data that fuelled concerns over global growth.

Spot gold was up 1.2 per cent at USD 1,073.20 an ounce in early trade.

Silver was up 1.4 per cent at USD 13.98 an ounce.

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First Published: Jan 04 2016 | 7:02 PM IST

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