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Gold futures up on global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:54 AM IST

Gold prices rose by Rs 71 or 0.41 per cent to Rs 17,385 per ten gram in futures trade today as traders created fresh positions on firming global trend.

At the Multi Commodity Exchange (MCX), gold for June contract rose Rs 71, or 0.41 per cent to Rs 17,385 per ten gram, with an open interest of 17,383 lots.

The yellow metal for delivery in August contract also moved up by Rs 60, or 0.34 per cent to Rs 17,466 per ten gram, with a business turnover of 1,683 lots.

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

Meanwhile, gold rose 0.3 per cent to $1,178.30 an ounce in the Asian region.

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First Published: May 06 2010 | 5:20 PM IST

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