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Gold prices rose 0.47% to Rs 27,980 per 10 gram in futures trade today as speculators created fresh positions taking positive cues from overseas markets.
At the Multi Commodity Exchange, gold for delivery in far-month October contracts traded at Rs 131, or 0.47%, to Rs 27,980 per 10 gram with a business turnover of 8 lots.
August gold moved up by Rs 120, or 0.43%, to Rs 27,896 per 10 gram, with a trade volume of 179 lots.
Marketmen said increased positions built-up by speculators influenced gold futures. The precious metal traded at almost three-month high in global markets with holdings in the SPDR, the biggest gold-backed exchange-traded product, expanding 0.7% yesterday.
Globally, gold climbed 0.90% to $1,326.90 an ounce in New York in yesterday's trade.
