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0.04 percent gained by Gold futures on firm global cues

In Futures trade today, there has been a 0.04 percent rise in the prices of Gold making it cost Rs. 30,274 per 10 grams presently as fresh positions are being built by speculators after a tracking the trend of a firm overseas. For the delivery of Gold in the month of February, it traded at a price higher by Rs. 11 or 0.04 percent to Rs. 30,274 per 10 grams at the Multi Commodity Exchange in a business turnover of 334 lots.

For the delivery of the metal in June, the price increased by a similar margin as before to trade at a final hiked price of Rs. 30,470 per 10 grams in 17 lots. As per analysts, it is being said that fresh positions were created by the traders in step with the global trend of a firm as the dollar crept lower mainly to support the upside in the prices of gold at futures trade. Globally, it is being seen that the prices of the gold metal have risen by 0.19 percent making it cost USD 1,313.30 an ounce in Singapore.

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