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HomeBusinessGold Prices Jump Rs 1,000 In Upcoming Days In India

Gold Prices Jump Rs 1,000 In Upcoming Days In India

Gold and silver continued their upward momentum this week in India, supported by the dovish stance of central banks and festive buying demand. On MCX, gold futures jumped 0.82% to settle near a three-month high of ₹48,000 per 10 gram on Friday while silver rose 0.33% to ₹64330 per kg. Gold has surged about ₹1,000 per 10 grams over the past two sessions.

In global markets, gold rose more than 1% on Friday to a near two-month high as major central banks’ dovish tone on interest rates this week supported the demand for the safe-haven metal. Spot gold was up 1.2% at $1,813 while silver rose 1.2% to $24.05 per ounce. This week, the central bank announcements helped gold reverse from early losses.

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