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Gold prices soared sharply by Rs 550 to trade at Rs 30,450 per ten gram at the bullion market after North Korea fired a missile over Japan, deepening the tension between Pyongyang and the US.
Silver followed suit to recapture the Rs 41,000-mark by climbing Rs 900 to Rs 41,100 per kg on increased offtake by industrial units and coin makers.
Bullion traders said a firm trend overseas where gold rallied to the highest level this year after North Korea fired a missile over Japan, boosting demand for havens amid escalating tensions between Pyongyang and the US and its allies, mainly led to rally in gold prices.
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