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Gold futures up on firm global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 9:33 PM IST

Gold prices rose by Rs 41 to Rs 23,169 per 10 grams in futures trade today as speculators created fresh positions on the back of a firming global trend.

At the Multi Commodity Exchange, gold for delivery in December gained Rs 41, or 0.18% to Rs 23,169 per 10 grams, with a business turnover of two lots.

Likewise, the metal for delivery in June gained Rs 18, or 0.08% to Rs 22,149 per 10 grams, with a business volume of 11 lots.

Traders said fresh buying by speculators in tandem with a firming trend in Asian region led to the rise in gold futures prices.

Also, buying activity picked up at attractive low levels after a steep fall in last few sessions, they added.

Meanwhile, gold rose by 0.1% to $1,517.49 an ounce in the Asian region.

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First Published: May 05 2011 | 1:26 PM IST

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