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Gold futures rise 0.32% on global cues

Fresh buying by speculators supports uptrend

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:46 PM IST

Gold prices rose by Rs 100 to Rs 31,306 per 10 grams in futures trade today as speculators created fresh positions, taking positive cues from overseas markets.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 100, or 0.32%, to Rs 31,306 per 10 grams, with a business turnover of 1,611 lots.

February gold moved up by Rs 101, or 0.32%, to Rs 31,719 per 10 grams, with a business turnover of 178 lots.

Marketmen said fresh buying by speculators in tandem with a firm global trend led to the rise in gold futures.

Globally, the gold in Singapore climbed 0.2% to $1,720.50 an ounce.

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First Published: Nov 08 2012 | 11:58 AM IST

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