Spot gold prices gained marginally by 0.1 percent due to the global market sentiments upbeat after U.S. lawmakers was able to resolve their debt ceiling and avoid default on the government. However, the sharp rise in prices was crowned as a result of decreased SPDR gold holdings by 0.4 percent to 885.53 tons. Strength in the DX also restricts the upward movement of prices. The yellow metal touched an intraday high of $ 1286.90/oz and closed at $ 1281.0/oz in trading yesterday. On the MCX, gold prices traded higher by 0.2 percent yesterday to close at Rs.28948/10 grams after touching an intraday high of Rs.29089/10 grams on Wednesday.
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