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Gold hits five-year high, crosses Rs 33,000 mark on macroeconomic risks

Customers stay away from buying, price quoting at discount to landed cost of imported gold

Gold hits five-year high, crosses Rs 33,000 mark on macroeconomic risks
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Dilip Kumar Jha Mumbai
Gold price touched a five-year high on Thursday, following the move by central banks all over the world to buy the precious metal that they think is a safe haven in a risk-averse environment. 

Standard (995 purity) gold in the Zaveri Bazaar in Mumbai jumped by more than 1 per cent to trade at Rs 32,090 per 10 grams on Thursday, up from Rs 31,850 per 10 grams on Wednesday. Similarly, pure (999 purity) gold moved up to trade at Rs 32,215 per 10 grams on Thursday from Rs 31975 per 10 grams on Wednesday. The prices are at their peak