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Yellow metal trades above Rs 48,000, may face resistance near 48,330

Gold prices rose in Indian markets on December 1 on higher international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading higher by 0.36 percent at Rs 48,090 per 10 gram at 0920 hours. March silver was trading 1.29 percent higher at Rs 61,000 per kg.

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