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Gold futures up 0.3% on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 11:53 PM IST

Gold continued to glitter with prices rising by another 0.3% to Rs 24,142 per 10 grams in futures trade today after the precious metal climbed to a record in the US market.

At the Multi Commodity Exchange, gold for October delivery shot up by Rs 87, or 0.3%, to Rs 24,142 per 10 grams, with a turnover of 635 lots. It had closed 1.04% higher at Rs 24,055 per 10 grams after hitting a record of Rs 24,245 per 10 grams in yesterday's trade.

August gold gained Rs 24, or 0.1%, to Rs 23,860 per 10 grams, with a trade volume of 16 lots.

arket analysts said a firming trend in precious metals at New York last evening, supported by worries about the spreading euro zone debt crisis and slowing global growth, mainly influenced gold prices at futures trade here.

Meanwhile, gold rallied by 1.9% to a record $1,675.90 an ounce in New York yesterday.

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First Published: Aug 04 2011 | 11:44 AM IST

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