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India spot gold closes marginally higher on global leads

Posted by Yogesh on Monday, 8 September, 2008

MUMBAI (Thomson Financial) – Indian spot gold prices closed slightly higher on Monday, driven by leads from the international markets, with gains were capped on weak buying interest.

In London, gold jumped 2 percent before a rising dollar capped further advances, but a firm oil price supported precious metals.

A treasury official from state-run Union Bank of India said most domestic traders are on the sidelines, expecting a further fall in prices.

In Mumbai, gold of 0.995 purity closed 45 rupees higher at 11,745 rupees per 10 grams and gold of 0.999 purity closed 45 rupees higher at 11,810 rupees per 10 grams.

Silver of 0.999 purity closed 145 rupees higher at 20,020 rupees per kilogram.

Source CNBC

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One Response to “India spot gold closes marginally higher on global leads”

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