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Gold futures up by 0.4% on global cues

Speculators created fresh positions amid positive cues from global markets

Press Trust of India New Delhi
Gold prices rose by Rs 109 to Rs 27,070 per 10 grams in futures trade today as speculators created fresh positions amid positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in June was up by Rs 109, or 0.40%, to Rs 27,070 per 10 grams in a business turnover of 11 lots.

On similar lines, gold for delivery in April shot up by Rs 103, or 0.38%, to Rs 26,905 per kg in a turnover of 350 lots.

Analysts said the rise in gold prices at futures trade was mostly in line with rebound in the precious metals in global market.
 

Globally, the metal's rates rebounded by 0.4% to $1,239.31 an ounce in Singapore.

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First Published: Feb 09 2015 | 11:00 AM IST

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