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Gold futures prices rise on global cues

Jan 16 2013, 13:37 IST
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SummaryAt Multi Commodity Exchange, gold for delivery in February rose by Rs 32, or 0.10 per cent

Taking positive cues from the global markets, gold prices rose by Rs 32 to Rs 30,901 per ten grams in futures trading today as speculators created fresh positions.

At the Multi Commodity Exchange, gold for delivery in February rose by Rs 32, or 0.10 per cent, to Rs 30,869 per ten grams in business turnover of 3,148 lots.

Similarly, the metal for delivery in April traded higher by Rs 20, or 0.06 per cent, to Rs 31,572 per ten grams in a business turnover of 357 lots.

Market analaysts said fresh positions built-up by speculators in line with a firm global trend mainly led to rise in gold prices at futures trade.

Meanwhile, gold gained 0.3 per cent to USD 1,684.75 an ounce in Singapore.

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