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Rising interest rates and rampant inflation created massive turbulence in global markets in 2022, the worst year for financial markets since 2008.

In the previous trade, the precious metal had closed at Rs 56,115 per 10 grams.

In the overseas market, gold was quoting lower at USD 1,839.6 per ounce while silver was flat at USD 23.46 per ounce.

South Korean tech conglomerate Samsung has unveiled a new model of its Galaxy Book2 Pro 360 laptop, powered by Qualcomms Snapdragon 8cx Gen 3 chipset.

Stock Market HIGHLIGHTS: Singapore-based SGX Nifty recovered 100 points though the bias was negative. It was down by 17 points or 0.09 per cent at 18,120. Dow Futures were trading at 32,939.30, up 63 points or 0.19 per cent Get more Markets News and Business News on Zee Business.

Stock Market Today Live: Buying returned on Dalal Street around this time with 10 Nifty sectoral indices trading in the green, against 5 trading in red zone. The weakness was on account IT, FMCG, metal and pharma stocks. Nifty PSU Bank was the top performing index and was followed by Nifty Realty and Nifty Consumer Durables Get more Markets News and Business News on Zee Business.

Gold prices are likely to trade sideways due to lack of market participants. However short-term trend is still bullish in gold, expert said.

Silver climbed marginally by Rs 15 to Rs 69,273 per kilogram from Rs 69,258 per kilogram in the previous trade.

In the international market, gold was trading higher at USD 1,815 per ounce while silver was up at USD 23.94 per ounce.

Stock Market Today LIVE UPDATES: Japan's Nikkei crashed by 555 points or 2.04 percent at 26,682.60 on this news. China's Shanghai Composite was trading down by 19 points or 0.64 per cent at 3,087.33. Hang Seng was also down over 262 points or 1.36 per cent at 19,089.96 Get more Markets News and Business News on Zee Business.