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Gold futures rises 0.17% on global cues

Fresh position by speculators supported the trade

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futures for February rose by Rs 53, or 0.17% to Rs 30,384 per ten grams in 5861 lots.

At the Multi Commodity Exchange, the April contract traded higher by Rs 48, or 0.16% to Rs 30,941 per ten grams in 1,803 lots.

Fresh position by speculators supported the trade.

Data that showed central banks in Russia and Kazakhstan increased holdings helped the gold trade globally.

In Singapore, gold climbed 0.2% to $1,661.45 an ounce.

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Silver futures down 0.4% on profit-booking

Silver futures for March fell by Rs 253, or 0.43% to, Rs 58,165 per kg in 5,571 lots.

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