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Gold futures recover 0.32% on global cues

Traders create fresh positions as metal adds 0.46% in Singapore

<a href="http://www.shutterstock.com/pic-76071352/stock-photo-gold-jewelry-background-soft-selective-focus.html" target="_blank">Image</a> via Shutterstock

Press Trust of India New Delhi
Gold prices rose by 0.32 per cent, to Rs 27,950 per 10 grams in futures trade as speculators created fresh positions taking positive cues from the global market.

At the Multi Commodity Exchange, gold for delivery in far- month December was up by Rs 90, or 0.32 per cent, to Rs 27,950 per 10 gram in business turnover of 18 lots.

October gold added Rs 76, or 0.27 per cent, to Rs 27,847 per 10 gram in a turnover of 611 lots.

Analysts said fresh positions built-up by participants following a better trend in global market, influenced gold prices at futures trade here.
 
Meanwhile, gold rose by 0.46 per cent, to $1,282.10 an ounce in Singapore.

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First Published: Aug 26 2014 | 11:45 AM IST

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