Gold Prices Declined Marginally By 0.28 Percent

On Thursday, spot gold prices declined marginally by 0.28 percent to close at $1251.3 per ounce pressured by a firmer dollar on the back of upbeat U.S. unemployment data and as some investors sold to redeem profits after bullion's recent advance.

The dollar index extended gains after data showed new applications for U.S. unemployment benefits last week recorded their biggest drop in nearly two years. ON the MCX, gold prices rose by 0.15 percent to close at Rs.28721 per 10 gms.

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Suhani Verma

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