New Delhi: Gold prices rose by Rs. 50 to Rs. 39870 per 10 grams in the bullion market due to lack of subscription on Saturday after Dhanteras fading on the global level, but the domestic price was weak and silver also fell by Rs. 50. It dropped to Rs 47750 per kg.

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According to information from London and New York on the global level, gold rose on the weekend to $ 1504.30 an ounce. US gold futures for December have been quoted at $ 1503.70 per ounce. During this time, silver was traded at $ 18 an ounce. Analysts say that since the UK announced a referendum in December when Britain is out of the European Union, there has been pressure on the currency, due to which the dollar has gained momentum. There has also been an increase in precious metals in the dollar.

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Due to the absence of subscription in the local market today, the gold standard dropped by Rs 50 to Rs 39,870 per ten grams. Sona Bitur also declined the same to Rs 39,700 per ten grams. Sovereign held steady at the price of 30,200 grams. Silverspot fell by Rs 50 to Rs 47,750 per kg. Silver futures fell by Rs 162 to Rs 46,306 per kg.

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