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Gold tops Rs 29,000 mark on risk-off sentiment

Globally, gold rose by 0.31% to $1,250.70 an ounce and silver 0.85% to $16.69 an ounce in Singapore

Press Trust of India  |  New Delhi 

Gold's allure went up by many notches today as the US political turmoil saw the bullion soar Rs 215 to Rs 29,200 per 10 grams today, mirroring a firm overseas trend amid frenzied buying by local jewellers. This is the third straight day of gains by the yellow metal, which reclaimed the Rs 29,000 level. Risk aversion was in full display as investors looked for safer assets in view of the deepening crisis in the US, a fallout of President Donald Trump's firing of the former FBI director. Silver staged a comeback to recapture the Rs 39,000-mark by surging Rs 350 to Rs ...

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First Published: Fri, May 19 2017. 14:48 IST
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