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Gold gains on mild demand; silver rules stable

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Press Trust of India Mumbai
Gold gained marginally for the second day by Rs 15 per 10 grams at the bullion market here today on mild demand from stockists and retailers even as the metal weakened overseas.

Silver, however, held steady in the absence of any large scale buying activity.

Standard gold (99.5 purity) rose by Rs 15 to close at Rs 30,040 per 10 gram from last Friday's finish of Rs 30,025.

Pure gold (99.9 purity) also gained by a similar margin to settle at Rs 30,190 per 10 grams as compared to Rs 30,175 earlier.

While, silver (.999 fineness) closed unchanged from its Friday's level of Rs 38,885 per kg.
 

Globally, gold prices inched down as the dollar regained strength after slipping earlier on a US government shutdown, with investors on wait-and-watch mode.

Spot gold fell 0.1 per cent to USD 1,329.75 an ounce at early trade.

Among other precious metals, spot silver was down 0.2 per cent to USD 16.97.

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First Published: Jan 22 2018 | 6:00 PM IST

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