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Gold breaches key psychological level, dampening demand

Wed Jul 22 , 2020
(Representative image) MUMBAI: Gold prices in India rose above the psychologically important Rs 50,000 level for the first time on Wednesday, as expectations of more stimulus to resuscitate pandemic-hit economies lifted the metal’s appeal as an inflation-hedge. Local gold futures reached an all-time high of Rs 50,085 ($671.61) per 10 […]

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