London: Gold on Thursday jumped on signs of more demand, the biggest buyer for the coming festival and marriage season and a weakening dollar.

The precious metal climbed 0.5 percent to USD 1,786.22 an ounce and silver by 1.1 percent to USD 34.96 an ounce on the back of expectations that demand from India might pick up for approaching festivals like 'Navratras' and marriage season.

UBS said its physical gold sales to India were the most since April yesterday because of the strengthening rupee to five month high against the US dollar. Gold rose 14 percent this year as the Dollar Index, which tracks the US currency against six monies declined 0.5 percent.


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