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Spot gold rose 1.3% to $4,158.63 an ounce on Thursday, recovering from a one-week low as the dollar weakened and investors assessed the outlook for US interest rate hikes.
Gold prices recovered on the MCX but remained below Rs 1,48,000, with December futures trading at Rs 1,47,836 around 1:58 p.m., up 1.36%. Silver futures gained 1.44% to Rs 2,11,336 per kg, as dollar eases on Thursday