On the other hand, gold of 22 carats per 10 grams rose by Rs 200 in the national capital. This brings the rate to Rs 47,200. Also, 10 gram gold of 24 carat rose by Rs 490 to Rs 51,490. Silver jumped by Rs 400 to Rs 60,800. Elsewhere, gold and silver prices rose in Kolkata, Bangalore, Mumbai and Chennai.
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With US Treasury yields declining .. Josh came in for gold. The weakening of the dollar has made gold attractive to foreign buyers. Inflation hits new highs in US consumer price data released Domestically, too, inflation has risen to eight-year highs. As inflation rises .. Central banks are likely to be more rigorous in terms of monetary policies. U.S. inflation data is higher than market expectations. This led to an increase in gold prices internationally.
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