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