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As of 10:10 am, February gold futures on the MCX were priced at Rs 76,871 per 10 grams, marking a slight decline of Rs 32 or 0.04% from the previous session's close. In contrast, March silver futures traded at Rs 92,219 per kg, up by 22 or 0.02%.
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Indian government bond yields fall to their lowest levels in nearly three years, driven by expectations of the Reserve Bank of India's potential liquidity infusion and interest rate cuts. Economic growth slowdown and consistent foreign inflows also contribute to the decline in yields.
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But it is certainly not good for anyone who might think about doing some bottom fishing in the Korean market. So, to an extent, it just does emphasise some of the qualities as an alternative that the Indian market does have.
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