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Gold futures trade higher on positive global trend

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 12:57 AM IST

Gold prices rose by Rs 41, or 0.22 per cent to Rs 18,908 per ten gram in futures trade today on emergence of buying by traders amid firming global trend.

At the Multi Commodity Exchange, gold for October contract rose by Rs 41, or 0.22 per cent, to Rs 18,908 per ten gram, with an open interest of 1,997 lots.

Similarly, the metal for delivery in August-month contract moved up by Rs 38, or 0.20 per cent, to Rs 18,828 per ten gram, with a business turnover of 20,940 lots.

Traders said fresh buying by traders in tandem with a firming global trend mainly led to a rise in gold prices at futures trade.

Meanwhile, gold gained $6.10 to $1,243.40 an ounce in New York last evening.

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First Published: Jun 25 2010 | 3:42 PM IST

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