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The strict lockdown imposed in late March eclipsed the gold buying festival of Akshaya Tritiya
In New Delhi, the price of 22-carat gold rose to Rs 51,500 per 10 gram, and in Chennai to Rs 50,740
In the previous trade, the precious metal had closed at Rs 53,033 per 10 gram
The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce, only for a wave of selling to slap it back to $1,940 in wild trade
In New Delhi, the price of 22-carat gold rose to Rs 50,800 per 10 gram, and in Chennai to Rs 49,780
So far, this financial year (from April 1 to date), silver has gained 63 per cent
Migrant workers told not to return from hometowns despite onset of festive season
Experts say those who missed the rally or want to add more gold to their portfolios should buy on dips
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In New Delhi, the price of 22-carat gold rose to Rs 49,550 per 10 gram, and in Chennai to Rs 48,790
Despite the strong gains in gold and silver prices, many experts believe the momentum in precious metals will continue
US-China friction has weakened the dollar index, while disappointing US Jobless claims data has also pushed gold prices higher
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On MCX, next target for Gold comes around Rs 52,000 where it will see some pullback as it has rallied one way in relative short period of time
In New Delhi, the price of 22-carat gold rose to Rs 48,750 per 10 gram, and in Chennai to Rs 47,850
The price of gold gained momentum on the back of European leaders agreeing on a stimulus package to revive their Covid-hit economy and the US Congress struggling to agree on a new aid package
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Spot gold was up 0.9% at $1,857.86 per ounce by 0232 GMT, after hitting its highest since September 2011 at $1,865.35 earlier in the session
Spot gold was up 0.2% at $1,818.23 per ounce by 0510 GMT after hitting its highest since September 2011 on Monday. US gold futures rose 0.2% to $1,821.10