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Gold futures up on spot market demand

Gold futures up on spot market demand

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Press Trust of India New Delhi

Gold prices gained Rs 11, or 0.06 per cent, to Rs 18,875 per ten gram in futures trade today on pick up in demand at spot markets at existing lower levels.

At the Multi Commodity Exchange counter, gold for October delivery gained Rs 11, or 0.06 per cent, to 18,875 per ten gram, with an open interest of 19,661 lots.

Similarly, the metal for delivery in December traded higher by the same margin at Rs 18,978 per ten gram, with a business volume of 6,859 lots.

Marketmen said pick up in demand in the spot market at existing lower levels mainly led to a rise in gold prices at futures trade.

 

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First Published: Sep 13 2010 | 2:18 PM IST

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