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Gold futures marginally up on global cues

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Press Trust of India New Delhi

Gold futures prices rose by Rs 17, or 0.09 per cent, to Rs 18,708 per ten gram today on fresh buying by speculators in tandem with a firming global trend.

At the Multi Commodity Exchange platform, gold for December contract gained Rs 17, or 0.09 per cent, to Rs 18,708 per ten gram, with an open interest of 594 lots.

Similarly, the metal for delivery in August contract traded marginally higher by Rs 7, or 0.04 per cent, to Rs 18,543 per ten gram, with an open interest of 18,554 lots.

Marketmen said fresh buying by traders and a firming global trend mainly led to a rise in gold prices at futures trade.

 

Meanwhile, gold traded 0.05 per cent higher at $1,211.90 an ounce in Asian region.

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First Published: Jul 05 2010 | 2:06 PM IST

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