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Gold futures rise on firm global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:14 AM IST

Gold prices rose by Rs 15 to Rs 18,040 per ten gram in futures market today as speculators enlarged their positions in tandem with firm global trend.

At the Multi Commodity Exchange, gold for the December- month rose by Rs 15, or 0.08 per cent, to Rs 18,040 per ten gram with an open interest of 1,061 lots.

Similarly, the metal for delivery in October month gained Rs 14, or 0.08 per cent, to Rs 17,951 per ten gram with a business turnover of 14,595 lots, while August month contract traded higher by Rs 7, or 0.04 per cent to Rs 17,777 per ten gram in 3,109 lots.

Marketmen said speculators enlarged their positions influenced by a firming global trend mainly pushed up gold prices at futures trade.

Meanwhile, gold gained $1.90 to $1,183.30 an ounce in Asian region.

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First Published: Aug 02 2010 | 1:33 PM IST

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