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Gold hits $1300 on Fed fears of stimulus withdrawal
On Wednesday Federal Reserve Chairman Ben Bernanke hinted a withdrawal of the Fed's Asset Purchases programme, sending the metal sharply lower.
The Fed's comments also had an effect on other markets including the stock markets which tumbled. In India gold Futures for July delivery were last seen trading at Rs 27,200 on the MCX.
GoodReturns.in
Story first published: Thursday, June 20, 2013, 15:20 [IST]
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