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Gold up 0.2% on firm global cues, spot demand

Analysts attributed gains in the precious metal at futures trade to a firm trend in overseas markets

Press Trust of India New Delhi
Last Updated : Oct 08 2013 | 12:37 PM IST
Gold futures prices today rose by 0.22% to Rs 29,549 per 10 gram as speculators enlarged positions, largely in tandem with a firming trend overseas.

At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 63, or 0.22%, to trade higher at Rs 29,549 per 10 gram in a turnover of 1,349 lots.

Similarly, the metal prices for delivery in February edged up by Rs 22, or 0.05%, to Rs 29,230 per 10 gram, clocking a business volume of 9 lots.

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Analysts attributed gains in the precious metal at futures trade to a firm trend in overseas markets, besides rising demand in the domestic markets for the ongoing festive and marriage season.

Gold rose by 0.17% to $1,324.70 an ounce in Singapore today.

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First Published: Oct 08 2013 | 12:35 PM IST

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