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Market Eye
| Gold scales to an all-time high of Rs 13,745 | 08/10/2008 07:06:06 | MUMBAI: Gold prices rallied to an all-time high of Rs 13,745 in early trade on the bullion market on hectic stockists buying prompted by higher global advices as well as festival demand.
Gold prices in Singapore rebounded as safe-haven buying picked up after share values tumbled to multi-year lows across the globe.
Heavy demand from the world's largest bullion-backed exchange-traded fund (ETF) also boosted the sentiment on Wednesday.
Gold was trading at USD 887.90 an ounce, up USD 1.30 from New York's notional close on Tuesday. | Market
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