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Gold price jumps Rs 1,800 amid volatility this week. Is the rally just getting started?

Gold and silver extended their gains on Wednesday, with gold rising nearly Rs 1,800 and silver jumping over Rs 3,800 so far this week amid global volatility. Hopes of a December US Fed rate cut and optimism around a potential UkraineRussia peace deal supported sentiment, while analysts expect continued choppiness with a broader upside bias.