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Thursday, August 04, 2011

Gold continues to make more headway


Gold prices continued its surge to reach another milestone of Rs 24,000 per 10 grams at the domestic bullion market on Thursday on strong stockists and investment buying triggered by climbing international prices.

Silver also galloped on heavy speculative offtake on the back of rising industrial demand.

"The yellow metal is witnessing a runaway rally for the past three days here, due to overseas bullishness for the metal as a risk aversion asset, impacted by worsening global economic situations," traders said.




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