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Gold up by Rs 85 on seasonal demand, firm global trend

Silver followed suit and gained Rs 550 to Rs 62,350 per kg on increased buying by industrial units and coin makers.

Gold unlikely to breach Rs 32K-mark this month: Experts

"Since the last two weeks there were some corrections taking place in gold mainly due to worries over the US fiscal cliff and the year-end profit booking," Kotak Commodity Services Analyst Madhavi Mehta said here.