Rising for the fourth day in a row, gold prices rose further by Rs 75 to Rs 31,250 per 10 grams at the bullion market, tracking a firming trend overseas along with increased buying by jewellers' at the domestic spot market.
Symbol: GOLD| Contract: Oct, 2016| Category: Bullion
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Gold rose for a second straight session Tuesday as equities wavered ahead of a two-day U.S. Federal Reserve meeting in which interest rates are mostly expected to remain unchanged.
Gold rose on Monday, after touching a two-week low in the prior session, as the dollar softened, but caution ahead of the U.S. Federal Reserve's monetary policy decision kept a lid on prices.
Gold prices recovered by Rs 40 to Rs 31,040 per ten grams at the bullion market on scattered buying by jewellers at domestic spot market even as the metal weakened overseas.
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