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The precious metal had closed at Rs 45,279 per 10 grams in the previous trading session
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The issue price for series-XII of the sovereign gold bond 2020-21 has been fixed at Rs 4,662 per gramme
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Gold prices may correct further as rising bond yields and positive outlook on economic growth seems to have faded the demand for gold, say experts
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The precious metal has been under pressure since the start of this year amid hopes of faster global economic recovery and rising US bond yields
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Four ways to buy digital gold with cost and risks involved
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The precious metal had closed at Rs 46,313 per 10 grams on February 24
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One must wait for some more correction to buy gold as the the rising bond yields may continue to cap upside: Expert
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The demand for the yellow metal therefore may remain elevated as it considered a hedge against inflation and
currency debasement, expert said.
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"Spot gold prices for 24 karat gold at Delhi traded up by Rs 337 reflecting overnight gains in global gold prices," said Tapan Patel, HDFC Securities Senior Analyst
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Gold may test levels of Rs 47,500-47,700 in the near term, said Kunal Shah, Head-Commodities & Currency Research at Nirmal Bang