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Gold rises by 0.3% on global cues

Speculators created fresh positions amid positive cues from overseas markets

<a href="http://www.shutterstock.com/pic-115284682/stock-photo-many-gold-bars-background.html?src=QiSnLYS6ChuD3R-AfZRaag-1-34" target="_blank">Gold</a> image via Shutterstock

Press Trust of India New Delhi
Gold prices rose by 0.27% to Rs 26,750 per 10 grams in futures trade today as speculators created fresh positions amid positive cues from overseas markets.

At the Multi Commodity Exchange, gold for delivery in far-month August moved up by Rs 72, or 0.27%, to Rs 26,750 per 10 grams, with a business turnover of two lots.

The metal for delivery in June rose by Rs 67, or 0.25%, to trade at Rs 26,588 per 10 grams, with a trade volume of 544 lots.

Marketmen said increased positions built-up by speculators after the precious metal recovered in global markets, influenced gold futures here.
 

Globally, gold in Singapore added 0.20% to $1,195.90 an ounce.

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First Published: Apr 10 2015 | 12:02 PM IST

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