Silver Rises 1.96% to $49.831 an Ounce, Outpacing Gold

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Gold and silver are rebounding after Friday's sell-off. Gold is back near $3,960 an ounce, and silver is back above $50 after falling below for the first time in a year.

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New Delhi, November 2 (IANS). Gold and silver prices, which were facing a continuous decline for several days, started the week on a positive note. This recovery in precious metals, just before Dhanteras and Diwali, has attracted the attention of jewellery buyers and investors. Although prices are still well below their record highs, gold and silver prices strengthened on Monday due to increased buying in domestic and international markets. Both…

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The latest data from global markets shows that the price of gold and silver per ounce has increased, reaching $3,900 and nearly $50, respectively.