New Delhi: Gold prices rose by Rs 250 to Rs 40 thousand in the Delhi Bullion Market on Friday on the back of a surge in precious metals globally and retail demand on the occasion of Dhanteras domestically. 39920 per kg and silver rose by Rs 900 to Rs 47800 per kg.

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According to information received from London and New York on the global level, the gold spot rose by $ 2.30 to cross $ 1505 an ounce and December US gold futures rose by $ 2.50 to $ 1501.40 an ounce. During this, silver was quoted at $ 18.06 an ounce with a strength of $ 0.27.

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Market analysts say that there has been pressure on the currency of Britain since the announcement of a referendum in December when Britain is out of the European Union, due to which the dollar has gained momentum. There has also been an increase in precious metals in the dollar. On the occasion of Dhanteras in the local market, there was an increase in retail subscription, due to which gold standard rose by Rs 250 to Rs 39,920 per ten grams, which is the highest level since September 5.

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