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Gold futures rise 0.15% on global cues

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Press Trust of India New Delhi
Tracking a firm global trend, gold prices rose further 0.15 per cent to Rs 27,070 per ten grams in futures trading today as speculators widened positions.

At the Multi Commodity Exchange, gold for delivery in February next year rose by Rs 41, or 0.15 per cent to Rs 27,070 per ten grams in a business turnover of 16 lots.

Likewise, the yellow metal for delivery in December gained Rs 29 or 0.11 per cent to Rs 26,852 per ten gram in 2857 lots.

Market analysts attributed the rise in gold futures to a firm global trend as investors awaited a meeting of US policy makers that may give clues on when they will start to raise interest rates.
 

Globally, gold added 0.3 per cent to USD 1,165.99 an ounce in London.

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First Published: Oct 27 2015 | 5:22 PM IST

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