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Gold futures marginally up on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 8:04 PM IST

Gold prices rose by 0.28% to Rs 21,212 per 10 gram in futures trade today, as the precious metal recovered in global market after yesterday's steep fall.

At the Multi Commodity Exchange, gold for delivery in June rose by Rs 59, or 0.28%, to Rs 21,212 per 10 grams, with an open interest for three lots.

Likewise, the yellow metal for delivery in April moved up by Rs 41, or 0.20%, to Rs 20,899 per 10 grams, with a business turnover of two lots.

Market analysts attributed the rise in gold futures to the precious metal's recovery in the global markets, after its prices fell from an all-time high of $1,441.30 an ounce in New York to $1,415.30.

Meanwhile, gold rose by 0.2% to $1,418.10 an ounce in Asian trading today.

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First Published: Mar 04 2011 | 12:03 PM IST

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