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Gold back at last year's Brexit level

Standard gold in Mumbai closed at Rs 29,530 per 10g on June 23 last year

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Rajesh Bhayani Mumbai
The global price of gold is again around the same level as a year before, just before a majority of British citizens voted to exit the European Union.

In June 2016, speculation on the Brexit vote pulled gold from $1,204 to $1,256 an ounce. When the voting result was out on June 23, the rally continued till $1,366 an oz in July. Now, though, gold is back to trading around $1,250 an oz.

In India, standard gold in Mumbai closed at Rs 29,530 per 10g on June 23 last year; now, it is Rs 28,695 per 10g, about 2.8 per cent less.

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