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New Delhi, Oct 29 (PTI) Gold prices on Wednesday rebounded by Rs 2,600 to Rs 1,24,400 per 10 grams in the national capital, snapping a two-session losing streak, amid a fresh wave of safe-haven buying ahead of the policy outcome by the US Federal Reserve.

Gold of 99.5 per cent purity appreciated by Rs 2,600 to Rs 1,23,800 per 10 grams (inclusive of all taxes) from the previous close of Rs 1,21,200 per 10 grams, according to the All India Sarafa Association.

The precious metal of 99.9 per cent purity had settled at Rs 1,21,800 per 10 grams on Tuesday.

“Gold prices rebounded on Wednesday, reclaiming the psychological level of USD 4,000 per ounce ahead of the highly anticipated FOMC (Federal Open Market Committee) policy meeting outcome," Saumil Gandhi, Senior Anal

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