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Gold rises on US banking concerns

Gold moved toward record highs on Thursday as U.S. banking concerns accelerated a flight to the safe-haven asset and sustained its stellar rally driven by bets for a pause in U.S. rate hikes.

Gold rate for 10 grams of 24-carat gold in the india market touched Rs.62,180

US Spot gold was up 0.3% at $2,045.79 per ounce.

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