Symbol: GOLD| Contract: Oct, 2015| Category: Bullion
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Gold's Latest News
Traders said besides firming trend overseas, sustained buying by jewellers, driven by wedding season demand mainly kept gold and silver prices higher.
After falling for three straight days, gold prices recovered by Rs 50 to Rs 26,700 per 10 grams at the bullion market on Friday, supported by fresh purchases by jewellers to meet seasonal demand amid a firming global trend.
The Muthoot Pappachan Group, with its flagship gold financing arm Muthoot Fincorp, has floated a new company-MPG Security Group-to take its "technologically advanced security services through emergency response teams (ERTs)" nationwide.
Gold was stuck near recent lows on Friday and was on track to post its biggest weekly drop in five as strong U.S. economic data backed the case for a near-term increase in interest rates.
Tracking a weak overseas trend and slackened demand from jewellers at prevailing levels, gold prices continued their losing streak for the third straight day and tumbled by Rs 380 to Rs 26,650 in the national capital on Thursday.
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Even Jewellery in India Bought As An Investment: WGC
Titan Has 60% of Organised Watch Market: Managing Director
Proposed PAN Rule for Jewellery Purchases 'Unjustified': Titan
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|CRUDE PALM OIL||30-09-2015||0.21%|
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