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Gold prices hit 33-month high

Gold prices rose 0.84 per cent on Tuesday to hit the highest in 33 months on fresh buying from investors amid expectations of easy monetary policy by leading economies across the world. Standard gold in the popular Zaveri Bazaar here closed with a gain of Rs 260 at Rs 31,480 for 10 gms on Tuesday following global cues.

This level of gold price was not seen after October 2013. Physical traders, however, abstained from fresh buying on expectations of a correction in prices following a long-due profit booking.

Article from Business Standard.

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