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RTRS: India gold prices higher on festive demand
 
(Updates to trends in the physical market)

* Spot gold at $953.60 an ounce XAU=

* London Brent crude at $74 a barrel LCOc1

* Rupee at 48.12 per dollar INR=IN

MUMBAI, Aug 13 (Reuters) - India's gold prices rose on Thursday as traders continued to replenish stocks to meet festival demand as domestic prices stayed around 15,000-rupee levels, dealers said.

"I think buying may continue as long as prices remain between 15,000 and 15,200 rupees levels," said a dealer with a private bank in Mumbai.

India's festival season is underway and gold traders are hopeful of a rebound in demand. See [ID:nBOM250562]

The world's largest consumer of gold celebrates Janmasthami and Ganesh Chaturthi this month.

International gold rose in Europe on Thursday as the dollar softened against a currency basket, after data showed growth in the euro zone and as the Federal Reserve gave its clearest statement yet that the U.S. recession may be nearing an end. See [ID:nLD415545]

Following were the prices being quoted by HDFC Bank in rupees in the spot market at 1:04 p.m. INBULL03:

Thursday Wednesday =========================================================

Gold .999/10 grams 15,060 14,990

Silver .999/kg 24,790 24,029

Following were prices in rupees on the Multi Commodity Exchange of India Ltd. at 2:58 p.m. <0#MAU:>:

Contract Current price Net change

======================================================

Oct gold 14,895 +35

(Reporting by Sourav Mishra; Editing by Sunil Nair)

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