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Gold remains higher on global cues, festive demand; silver falters

Gold continued its upward journey for yet another week and recorded a rise of Rs 150 in its prices to close at Rs 32,050 per 10 grams, amid positive global cues and pick up in buying by local jewellers to meet festive season demand.


Bulk of India's palm oil imports come mostly from Indonesia and Malaysia, whereas soyoil is mostly imported from Argentina and Brazil.

In Mumbai, the prices fell by Rs 50 for 10 gram of 22-carat gold, and by Rs 55 to Rs 31,854 per 10 gram of 24-carat gold
Under the gold options contract, trading will be allowed in 1 kg of gold, thereby giving small investors the chance to participate.
If experts are to be believed, the white metal will outperform gold in the next one year.