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Gold futures rise on higher global trend

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Press Trust of India New Delhi

Gold prices rose by Rs 25 to Rs 18,321 per ten grams in futures trading today, as speculators created fresh positions on the back of firming global trend.

At the Multi Commodity Exchange, gold for August month rose by Rs 25 or 0.14 per cent to Rs 18,321 per ten grams with an open interest of 15,598 lots.

The metal for delivery in October month also gained Rs 21 or 0.11 per cent to Rs 18,389 per ten grams in 5997 lots.

Market analysts said fresh buying in tandem with a firm global trend mainly led to rise in gold prices at futures trade.

Meanwhile, gold traded marginally higher by 0.04 per cent to 1,195 dollar an ounce in Asian region.

 

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First Published: Jul 23 2010 | 1:11 PM IST

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