Symbol: GOLD| Contract: Jun, 2015| Category: Bullion
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Gold's Latest News
After two days of losses, gold prices on Thursday regained their glitter by surging by Rs 210 to Rs 27,080 per 10 grams at the bullion market on positive global cues amid a pick-up in demand from jewellers at prevailing levels.
Spot gold gained 0.4 per cent to $1,206.55 an ounce by 0026 GMT, after climbing 0.7 per cent on Wednesday.
Analysts have made big cuts to expectations for gold and silver prices this year and next after the metals, weighed down by the prospect of higher US interest rates, failed to recover last year's losses in early 2015.
Gold prices on Wednesday fell by Rs 180 to trade at Rs 26,870 per 10 grams at the bullion market in the national capital on low demand from jewellers amid a weak global trend.
Spot gold was flat at $1,192.93 an ounce by 0026 GMT, after touching its lowest in two weeks at $1,183.68 on Tuesday.
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