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Mumbai:
Gold prices zoomed to an 18-month high of Rs10,250 per ten
gram on the bullion market following brisk buying by stockists
and jewellery fabricators.
The
market, already on a firm trend on heavy demand for the
current festival and marriage season, gathered momentum
after reports of a steep rise in gold prices in international
markets.
The
gold in international markets closed near 28-year high
of $800 an ounce and pushed up the precious metal''s rate
to a level last seen in May 2006.
Standard
gold and ornaments zoomed above an 18-month high adding
Rs150 each at Rs10,250 and Rs10,100 per 10gm respectively,
a level last seen on May 19, 2006.
Sovereign
also rose by Rs150 to Rs8,250 per piece of eight gm. Silver
ready registered a gain of Rs450 at Rs19,100 per kg and
silver coins were quoted Rs200 higher at Rs24,900 per
100 for buying and Rs25,000 for selling.
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