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June 2nd, 2012
Steep rise in Gold price!

Chennai: Gold prices rose up to Rs 1,095 per ten gram crossing the Rs 30,000 per ten gram level, its all-time high, on account of rise in global prices of precious metal and weakening rupee.

The maximum jump in prices was seen in Chennai, where gold became costlier by Rs 1,095 at Rs 30,380 per ten gram, followed by Delhi with a again of Rs 960 to Rs 30,300.Rupee depreciation and high global prices have together impacted domestic gold rates. Besides, the hike in import duty to 4 per cent has also contributed in price rise, he said.