In the Indian bullion market, the 24 Karat Gold was trading almost two per cent up at one lakh 24 thousand 040 rupees per 10 grams, while Silver was also trading over 3.9 per cent up at one lakh 52 thousand 720 rupees per kilogram.
This surge was attributed to renewed trade tensions between the US and China, an extended US government shutdown, and increasing global economic uncertainties, which enhanced the appeal of safe-haven assets.
At the Multi Commodity Exchange, Gold for December contract was trading over two per cent up at one lakh 23 thousand 844 rupees per 10 grams, and Silver for December contract was trading around 4.2 per cent up at one lakh 52 thousand 600 rupees per kilogram.
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