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Gold moves up on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 7:32 PM IST

Gold prices rose by Rs 36 to Rs 20,709 per ten grams in futures trade today, as speculators enlarged their positions on the back of firming global trend.

At the Multi Commodity Exchange counter, gold for June rose by Rs 36, or 0.17 per cent to Rs 20,709 per ten grams, with a business volume of single lot.

Similarly, the metal for delivery in February moved up by Rs 26, or 0.13 per cent to Rs 20,287 per ten gram, with a business turnover of two lots.  

Marketmen said fresh buying by speculators on hopes of a rise in demand during current marriage season amid firming global trend mainly pushed up the gold futures prices.

Meanwhile, gold in Asian region rose $1.50 to $1,363.30.

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First Published: Jan 17 2011 | 1:51 PM IST

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