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Gold futures trade a shade higher on global cues

Speculators enlarged positions amid a firming trend overseas

Press Trust of India  |  New Delhi 

Gold Coins
Gold image via Shutterstock

Gold prices rose 0.06% to Rs 28,311 per 10 grams in futures trading today as speculators enlarged positions amid a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in October moved up by Rs 17, or 0.06%, to Rs 28,311 per 10 grams in a business turnover of 265 lots.

Similarly, the yellow metal for delivery in far-month December traded higher by Rs 18, or 0.06%, to Rs 28,356 per 10 grams in 8 lots.

Analysts said a firming trend bullion in the global supported the upside in gold prices at futures trade here.

Meanwhile in Singapore, gold traded higher at $1,299.85 an ounce from $1,298.40 yesterday.

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First Published: Tue, August 19 2014. 11:10 IST