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       BUSINESS Next Article: Cash-strapped Sri Lanka to raise USD 5 bn in bonds in 2018  
       Gold strengthens on sustained demand, silver recovers
 
         Posted on :22:23:06 Jan 3, 2018
   
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       Last edited on:22:23:06 Jan 3, 2018
         Tags: Gold strengthens, sustained demand, silver re
 
Mumbai: Gold rose by Rs 45 to finish at Rs 29,435 per 10 grams at the bullion market here today following sustained demand from stockists and retailers.
 
Silver recovered marginally by Rs 20 to Rs 38,695 per kg on renewed offtake from industrial units.
 
Standard gold (99.5 per cent purity) advanced by Rs 45 to close at Rs 29,435 per 10 grams from Tuesday's closing level of Rs 29,390.
 
Pure gold (99.9 per cent purity) also moved up by the same amount to close at Rs 29,585 per 10 grams compared to Rs 29,540 earlier.
 
Silver (.999 fineness) rose by Rs 20 to conclude at Rs 38,695 per kg as against Rs 38,675 yesterday.
 
Overseas, gold prices edged down early today after hitting a 3-1/2-month high, as the dollar recovered from its lows and technical indicators pointed to a short-term correction.
 
Spot gold fell to USD 1,312.35 an ounce in early European trade. The precious metal earlier hit USD 1,321.33, its highest level since September 15.
 
US gold futures were mostly unchanged at USD 1,315.60 an ounce.
 
Among other precious metals, spot silver fell to USD 17.05 an ounce, after hitting a six-week high at USD 17.21 earlier in the session.
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       BUSINESS
Next Article: Cash-strapped Sri Lanka to raise USD 5 bn in bonds in 2018
 
 
BUSINESS HEADLINES
Sensex slides 146 pts on profit-booking, political developments  
India prepared to impose 'safeguards' if steel imports rise: government source  
Nickel falls on lower demand  
May announces new 2 bn pounds UK-Italian fighter jet project  
Infosys shares soar 6% after Q1 earnings  
Rupee slips 6 paise against US dollar  
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar  
India to be $10 trillion economy by 2030: Garg  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
India to be $10 trillion economy by 2030: Garg  
Markets slip from record to end flat on profit-booking  
Markets slip from record to end flat on profit-booking  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
Retail inflation rises to 5 percent in June  
Retail inflation soars to 5% in June, IIP presides to 3.2% in May  
Indian Army signs MoU with SBI on salary package  
US dollar ends sharply lower against rupee  
Gold, silver recover on mild demand  
BSNL starts first internet telephony service in India  
Sensex nears all-time high; TCS shines on Q1 show  
Gold futures gain 0.06% on global cues  
Goyal asks Coal India to ensure supply for power sector  
Grex Alternative Investments Market looks to raise $100 mln  
Cong targets PM over fall in value of Rupee  
Set up central agency to evaluate big loan proposals: ICAI  
 
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