Symbol: GOLD| Contract: Dec, 2015| Category: Bullion
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Gold's Latest News
Silver followed suit and plunged by Rs 585 to Rs 35,915 per kg on reduced offtake by industrial units and coin makers.
Bullion traders said besides a firming global trend where gold soared to one-month high, continued buying by jewellers and retailers to meet wedding season demand largely influenced the precious metal prices.
Gold dropped from its highest in a month on Friday as the dollar rallied on an assurance from Federal Reserve chair Janet Yellen that the US central bank would begin raising rates this year.
Silver also recovered by Rs 225 to Rs 35,400 per kg on increased offtake by industrial units and coin makers.
Platinum slid to a fresh 6-1/2-year low on Wednesday on fears about reduced demand from the auto sector, where it is used in diesel catalysts to clean up exhaust emissions.
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Gold's Latest Videos
Expecting Strong Gold Demand During Festive Season: Gitanjali Exports
Gold Prices Could Slump Further: G Chokkalingam
Gold Can Fall to $1,100, Says Jamal Mecklai
Gold Price Fall to Increase Jewellery Demand: PC Jewellers
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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