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Gold prices rise on trader buying and safe-haven demand amid a prolonged US government shutdown and dollar retreat. Gold in the national capital rose roughly Rs 600 to about Rs 1,24,700 per 10 grams on trader buying and firm global cues; silver also rallied. Market drivers included safe-haven demand amid uncertainty from a prolonged US government shutdown and a modest decline in the US dollar, while potential limits to gains were noted from optimism on a US-China trade deal and upcoming US PMI data.
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<h1>Gold prices rise on trader buying and safe-haven demand amid a prolonged US government shutdown and dollar retreat.</h1> Gold in the national capital rose roughly Rs 600 to about Rs 1,24,700 per 10 grams on trader buying and firm global cues; silver also rallied. Market drivers included safe-haven demand amid uncertainty from a prolonged US government shutdown and a modest decline in the US dollar, while potential limits to gains were noted from optimism on a US-China trade deal and upcoming US PMI data.