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Gold prices up today, over Rs 47,000 per 10 grams

Gold June futures on the Multi Commodity Exchange (MCX) were up 0.28% or Rs 132 at Rs 47,105 per 10 grams

Gold and silver prices gained on Tuesday as hostilities between the United States and China rose, forcing investors to seek refuge in the safe-haven metal.

Gold June futures on the Multi Commodity Exchange (MCX) were up 0.28% or Rs 132 at Rs 47,105 per 10 grams. Silver futures were trading 1.39% higher or Rs 670 to Rs 48,927 per kg.

International gold ticked higher on Tuesday as brewing Sino-US tensions over Hong Kong lifted demand for the safe-haven metal, though easing coronavirus-induced lockdown restrictions supported equities and capped bullion’s gains.

Spot gold rose 0.2% to $1,732.38 per ounce by 0241 GMT. US gold futures were down 0.1% to $1,733.50.

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