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Gold prices inched higher in early Asian trade on January 19 as investors weighed chances of the US Federal Reserve slowing its pace of interest rate hikes.

At 10:09am, gold was trading 0.04 percent higher on the Multi Commodity Exchange (MCX) at Rs 56,310 for 10 grams, while silver was down 0.41 percent at Rs 67,950 a kilogram.

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