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Gold futures traded a shade higher at Rs 27,030 per ten gram today as speculators indulged in building up fresh positions amid a firming trend overseas before the US Federal Reserve begins a two-day policy meeting today.
At the Multi Commodity Exchange, metal prices for delivery in October moved up by Rs 31, or 0.11%, to trade higher at Rs 27,030 per ten gram, in a turnover of 77 lots.
December gold gained Rs 16, or 0.06%, to Rs 27,231 per 10 gm, in a business volume of one lot.
Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets as investors assessed the health of the US economy before the Federal Reserve begins a two-day policy meeting today.
Globally, gold rose 0.40%, to $1,238.58 an ounce in Singapore today.
