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Gold futures surge Rs 147 on firm global cues

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Press Trust of India New Delhi
Last Updated : Feb 18 2019 | 1:15 PM IST

Gold prices went up by Rs 147 to Rs 33,531 per 10 gram in futures trade Monday as speculators widened their bets tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in April was trading higher by Rs 147, or 0.44 per cent, at Rs 33,531 per 10 gram in a business turnover of 16,643 lots.

Similarly, gold for June was up by Rs 149, or 0.44 per cent, to Rs 33,728 per 10 gram with a business volume of 6,199 lots.

Analysts said built up of positions by participants on positive cues from global market raised demand for the precious metal as a safe haven and pushed up gold prices at futures trade here.

Globally, gold rose 0.39 per cent to trade at USD 1,323.29 an ounce in Singapore.

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First Published: Feb 18 2019 | 1:15 PM IST

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