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Gold futures rise 0.27% on global cues

Traders enlarge positions as metal gains 0.2%b in Singapore

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Press Trust of India New Delhi
Last Updated : Sep 08 2014 | 2:45 PM IST
Gold prices were up by 0.27 per cent to Rs 27,614 per 10 gram in futures trade as speculators enlarged positions amid a firming global trend.

At the Multi Commodity Exchange, gold for delivery in December moved up by Rs 73, or 0.27 per cent, to Rs 27,614 per 10 gram in a business turnover of 43 lots.

October gold gained Rs 59, or 0.22 per cent, to Rs 27,437 per 10 gram in 1,036 lots.

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Analysts said the rise in gold prices at futures trade was mostly attributed to a firming trend overseas as speculators enlarged positions.

Meanwhile, gold rose 0.2 per cent to $1,270.78 an ounce in Singapore.

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First Published: Sep 08 2014 | 1:16 PM IST

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