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Commodities

Gold Prices Soar by Rs 1,400 on Strong Domestic Demand

Guavy AI Editorial Team
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Gold Silver
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Gold prices in India surged by Rs 1,400 to reach Rs 1.60 lakh per 10 grams on Friday due to strong domestic buying interest.

The price of gold rose for the second consecutive day, with traders citing a firm demand from local investors despite global caution.

Silver prices remained unchanged at Rs 2.40 lakh per kilogram.

Experts attribute the rise in gold prices to the anticipation of key US economic data and Federal Reserve policy cues, which could impact precious metal prices.

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