Gold prices clung near a seven-week high on Friday, December 12, riding expectations of additional US Federal Reserve rate cuts in 2025 after a dovish policy pivot. Silver hovered close to Thursday's record, bolstered by surging industrial demand and a fading dollar.

In early trade, 24-carat gold rose Rs 10 per 10 grams to Rs 1,30,760, per GoodReturns data, with 22-carat up Rs 10 to Rs 1,19,860. Silver climbed Rs 100 per kilogram to Rs 2,01,100. Prices varied by city: 10 grams of 24-carat gold hit Rs 1,30,760 in Mumbai and Kolkata, Rs 1,31,470 in Chennai, and Rs 1,30,910 in Delhi. For 22-carat, Mumbai, Kolkata, Bengaluru, and Hyderabad matched Rs 1,19,860 per 10 grams, while Chennai reached Rs 1,20,510 and Delhi Rs 1,20,010. These modest gains reflect steady local demand amid festive seas

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