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Gold rises to Rs 1.61 lakh per 10 grams, silver too gains on MCX, here are the key levels to watch

Rates of precious metals in futures continue to gain as US Treasury bond buybacks and surging national debt fuel market volatility. The gold October 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 1,205 or 0.75 per cent at Rs 1,60,630 per 10 grams against the previous close of Rs 1,59,425. It soon touched the intraday high of Rs 1,61,186, a gain of Rs 1,761 or 1.10 per cent. Last seen, it was trading at Rs 1,61,108 with a gain of Rs 1,683 or 1.06 per cent. In between, it touched the low of Rs 1,59,601.