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Gold prices rose by Rs 87 to Rs 29,246 per 10 grams in futures trade today as speculators enlarged their positions, driven by a firming trend in the Asian region.
At the Multi Commodity Exchange, February gold rose by Rs 87, or 0.30%, to Rs 29,246 per 10 grams in business turnover of 325 lots.
The April delivery moved up by Rs 92, or 0.32%, to Rs 28,546 per 10 gm in 20 lots.
Market analysts said a firming global trend on speculation that its biggest annual decline since 1981 is spurring increased demand in Asia influenced gold prices at futures trade.
Meanwhile, gold rose by 0.80% to $1,246.46 an ounce, the highest level since December 17 in Singapore today.
