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Gold and silver prices in India are seeing sharp ups and downs as global tensions and ceasefire uncertainty between the US and Iran keep markets on edge.
Gold prices in India have slipped to around Rs 1.51 lakh per 10 grams.
KEY POINTS
- MCX 24 carat gold futures rose by Rs 66 to Rs 1,53,500 per 10 grams before market open.
- Spot gold rose 1.6% to $4,789.67 an ounce, while US gold futures ended 0.9% higher.
- Silver prices in India decreased by about Rs 100 per kg to Rs 2,54,900 per kilogram.
- Rising crude oil prices and a recovering US dollar are pressuring gold and silver rates.
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