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Gold futures up 0.3% on firm global cues

Speculators enlarged positions after the metal gained in the global market

<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 futures prices today rose by 0.31% to Rs 26,418 per 10 grams as speculators enlarged positions after the metal gained in the global market.

At the Multi Commodity Exchange, metal prices for delivery in far-month June contracts gained Rs 81, or 0.31%, to trade higher at Rs 26,418 per 10 gram in a turnover of 12 lots.

Also, the metal prices for delivery in April edged up by Rs 71, or 0.31%, to Rs 26,224 per 10 gram, clocking a business volume of 561 lots.

Analysts attributed gains in the precious metal at futures trade to a firming trend in the overseas markets.
 
In the international market, gold rose to $1,203.976 an ounce in Singapore from $1,201.83 yesterday.

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First Published: Feb 24 2015 | 10:50 AM IST

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