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Gold and silver saw profit booking in early trade on Wednesday as risk appetite among investors grew on hopes of a swift recovery in economic conditions. However, a sharp rise in Covid-19 cases checked the losses.
India has reported a total of 7.4 lakh cases of Covid-19, the third highest in the world. Over 20,600 people have succumbed to the deadly virus.
Gold futures were down 0.19 per cent or Rs 95 at Rs 48,705 per 10 grams. Silver futures dipped 0.22 per cent or Rs 112 to Rs 50,090 per kg.
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