Business Standard

Gold futures rise on spot demand

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Press Trust of India New Delhi

Gold prices rose Rs 67 today to reach Rs 28,462 per 10 gram in futures trade as speculators created fresh positions on expectations of rise in demand in the spot market.

At the Multi Commodity Exchange, June gold rose Rs 67, or 0.24%, to Rs 28,462 per 10 grams in business turnover of 191 lots.

The April contract gained Rs 65, or 0.23%, to Rs 28,088 in 4,461 lots.

Marketmen said fresh buying by speculators was on hopes of rise in demand in the spot market, pushing up gold prices in futures trade.

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First Published: Mar 05 2012 | 1:48 PM IST

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