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GOLD MARKET NEWS BY RIPPLES ADVISORY
Globally, gold lost 0.4 percent to USD 1,274.19 an ounce in Singapore.
Gold of 99.9 and 99.5 percent purity declined by Rs 20 each to Rs 29,800 and Rs 29,650 per ten grams, respectively. The precious metal had lost Rs 230 yesterday.
Gold on MCX settled up 0.24% at 30049 gained recovered from the earlier losses on weakness in the dollar and equities, but investors remained cautious after Federal Reserve officials talked up the prospect of U.S. interest rate increases this year.
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