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Gold prices fell Rs 30 to Rs 20,760 per 10 grams in continuation to a loss of Rs 30 in the previous session. Silver fell Rs 50 further to Rs 44,950 per kg.

 
 
Sustained growth in emerging markets of Asia and Latin America will keep the demand for raw materials buoyant in 2011, even as supply remains short.
Gold prices also rose Rs 125 to Rs 20,895 per ten grams with jewellery makers buying afresh to meet the demand in the ongoing marriage season.
Analysts said trading sentiment turned weak, as retailers sold scrap jewllery at existing higher levels and waited for an appropriate chance to buy new ornaments.
At the Multi Commodity Exchange platform, gold for delivery in August contract shot up Rs 94, or 0.44 per cent, to hit an all-time high of Rs 21,330 per ten gram.
 
 
Gold prices recovered by Rs 40 to Rs 20,730 per 10 grams due to fresh buying by retailers at existing lower levels, supported by a firm global trend.
Silver prices rose by 0.84 per cent to Rs 44,334 per kg in futures trade as traders indulged in increasing positions, driven by a firm trend overseas.
Trading activity gathered momentum after gold in global markets, which normally set a price trend at the domestic front, rose to a record-high of $1,428.70 an ounce.
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