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Gold tops Rs 29,000 mark, hits over-month high on global cues

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Gold prices reclaimed the Rs 29,000-mark by surging Rs 330 to trade at over one-month high of Rs 29,030 per 10 grams, tracking uptrend in the global bullion market and increased buying by local jewellers.
gold-silverSilver also shot up by Rs 350 to Rs 40,750 per kg due to increased offtake by industrial units and coin makers. Bullion traders said that sentiment got a boost after gold moved up in global markets as weakness in the dollar raised demand for the precious metal as a safe haven. Globally, gold rose 0.43 per cent to $1,185.90 an ounce in Singapore.

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