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Gold prices were up by Rs 215 to Rs 28,740 per 10 gram in futures trade today as speculators raised their bets amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 215, or 0.75 per cent, to Rs 28,740 per 10 gram, in a business turnover of 98 lots. The yellow metal for delivery in December gained Rs 202, or 0.71 per cent, to Rs 28,800 per 10 gram in 245 lots. Market analysts attributed the rise in gold prices at futures trade to positive global cues as the precious metal advanced for the eighth time in nine days. Meanwhile, gold was trading 0.79 per cent higher at USD 1,193.20 an ounce in Singapore.
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