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The salesman displays gold bangles to a customer at a jewellery showroom in Chennai

Indians stay away from gold despite price drop
MUMBAI (Reuters) - Gold prices in India eased on Friday on a drop in overseas markets and a stronger rupee, although the correction wasn't compelling enough to change sentiments of consumers hurt by rising inflation. The most active June delivery on the Multi Commodity Exchange was down 1.1 percent at 28,828 rupees per 10 grams by 1151 GMT. "Festivals are over. Wedding season buying is also done.

Indian gold demand lacklustre; strike adds to woes
MUMBAI, May 31 (Reuters) - Demand for gold in India, one of the world's top buyers, continued to remain sluggish on Thursday on a volatile rupee, with a nationwide strike call by opposition parties

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Gold declines by Rs 130 to Rs 29,340 on sluggish demand

News Delhi: Gold prices today tumbled by Rs 130 to Rs 29,340 per 10 grams in the bullion market here on Tuesday due to slackened demand at prevailing higher levels amid a weakening global trend.

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Gold heads for weekly loss on euro zone woes

Gold slipped on Friday, on course for a second straight week of losses, as a weaker euro sapped appetite for bullion amid the debt crisis in Europe while investors awaited a key U.S. employment report

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$4K golden vibrator stolen in armed Brazil heist
An armed man in Brazil has heisted an 18-carat gold-plated vibrator selling for $4,000 at a luxury sex shop.

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Dollar and precious metals at a glance
Key currency exchange rates Thursday, compared with late Wednesday in New York:

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