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Gold up Rs 0.1% on global cues

Metal for delivery in June was trading at 0.09%

Press Trust of India New Delhi
Last Updated : Mar 04 2015 | 12:43 PM IST
Gold futures traded Rs 23 higher at Rs 26,450 per 10 grams as speculators created fresh positions amid positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in April was trading higher by Rs 23, or 0.09%, to Rs 26,450 per 10 grams in a business turnover of 787 lots.

The metal for delivery in June was trading at Rs 14, or 0.09%, higher at Rs 26,610 per ten grams in a turnover of 76 lots.

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Analysts said fresh positions created by participants following a better trend in global market amid signs that demand is rising in China, boosting the outlook for consumption in the world's biggest user, influenced gold prices at futures trade here.

Meanwhile, gold was trading 0.3% higher at USD 1,207.73 an ounce in Singapore.

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First Published: Mar 04 2015 | 11:56 AM IST

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