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Gold prices rose by Rs 85 to Rs 28,135 per ten grams in futures trading today as speculators enlarged their positions, taking positive cues from overseas markets.
At the Multi Commodity Exchange, gold for delivery in June rose by Rs 85, or 0.30% to Rs 28,135 per ten grams in business turnover of 283 lots.
Similarly, the yellow metal for delivery in August moved up by Rs 82, or 0.30% to Rs 27,800 per ten grams in seven lots.
Market analysts said speculators enlarged their positions on the back of a firming global trend as recent retreat boosted speculation that physical demand will strengthen. This mainly led to rise in gold prices at futures trade.
Meanwhile, gold traded higher at $1,292.07 an ounce in Singaproe today as against $1,289.90 yesterday.
