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Gold hits record high at Rs 30,388 per 10 gm

Positive cues from the overseas market pulled prices higher

Read more on:    Gold | Futuers | Commodities | Mcx | Comex | Global Cues
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futures prices today hit a record high of Rs 30,388 per 10 gm as participants created speculative positions, taking positive cues from global markets.

At the , gold for delivery in August rose by Rs 77, or 0.25%, to trade at an all-time high of Rs 30,388 per 10 gm in a business turnover of 1,012 lots.

Globally, gold prices rose by $2 to $1,628.70 in previous session in New York.

Market analysts said speculative positions built-up by participants, tracking firming trend overseas, helped gold to hit record high at futures trade here.

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