Gold futures up on global cues

Gold for delivery in October rose by Rs 90

Press Trust of India New Delhi
Last Updated : Jun 05 2013 | 2:28 PM IST
Buoyed by a firm global trend, gold prices rose by 0.33% to Rs 27,336 per 10 gm in futures trade today as speculators enlarged their positions.
    
At the Multi Commodity Exchange, gold for delivery in October rose by Rs 90, or 0.33%, to Rs 27,336 per 10 gm in business turnover of 15 lots.
    
Similarly, gold for delivery in August traded higher by Rs 186, or 0.32%, to Rs 27,178 per 10 gm in 852 lots.
    

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Analysts said a firming trend in the global markets where gold rebounded to trade above $1,400 an ounce as equities retreated and the dollar's rally halted, boosting demand for the metal as a store of value, mainly led to rise in gold prices at futures trade.
    
Meanwhile, gold rose 0.60% to $1,408.20 an ounce in Singapore in early trade today.

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First Published: Jun 05 2013 | 1:25 PM IST

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