Spot gold rises to Rs 27,475 per 10 grams

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Spot gold rises to Rs 27,475 per 10 grams
Gold price rose on Tuesday amid strong global cues and as speculators created fresh positions. The metal was also supported by the fall in US dollar due to its inverse relationship with the greenback.

China's GDP grew by 9.2%, more than the analysts forecast further boosted the gold sentiment.

Gold on MCX for February delivery opened at Rs 27,519 per 10 grams, touched an intraday high of Rs 27,760 and was seen trading at Rs 27,507 – Rs 27,509 per 10 grams around 02.00 pm IST.

Similarly, the metal for April contract delivery made an intraday high of Rs 28,130 per 10 grams and was trading in the range of Rs 28,094 – Rs 28,100 per 10 grams.

On Domestic bullion, 24 carat gold seen up at Rs 27,770 per 10 grams and 22 carat gold at Rs 25,859 per 10 grams.

MCX spot gold also rose and was seen trading at Rs 27,475 per 10 grams, while spot silver rose to Rs 51,910 per kg.

While, silver for March delivery on MCX opened at Rs 52,392 per kg and was seen trading hgh in the range of Rs 53,142 – Rs 53,149 per kg same time.

US spot gold was seen hovering at $1,660 an ounce.

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Read more about: gold, mcx, future, silver
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