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Fall in gold prices

MUMBAI JULY 9. Gold prices continued to fall on the bullion market here today due to increased selling by stockists in line with weak global advices and closed with moderate losses. Silver, on the other hand, continued to find some industrial support and rose further marginally.

Pure gold (99.9 purity) opened sharply weak at Rs. 5320 (10 gram), but found some low-level support and recovered to close at Rs. 5330, still showing a loss of Rs. 10 over the last close of Rs. 5340. Standard gold (99.5 purity) also resumed weak at Rs. 5290 and later improved moderately to close at Rs. 5300, also showing a fall of Rs. 10 over yesterday's close of Rs. 5310.

In Hong Kong, gold declined to $344.50/345 an ounce from $346.10/346.60. — PTI

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