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Yellow metal shines; Cross Rs 60,000 On MCX

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Mumbai: Gold prices have crossed Rs 60,000 per 10 grams for the first time ever on the Multi Commodity Exchange (MCX).

The yellow metal continued its surge as the appeal of non-yielding gold increased on the back of less aggressive Federal Reserve rate increase predictions, following the failure of two significant US regional banks.

According to Market experts in the aftermath of the American banking crisis, the gold market has shot to a lifetime high since the bullion is seen as a safe, lucrative investment by many.

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