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Tracking a firming global trend, gold prices rose 0.55% to Rs 27,119 per ten gram in futures trade today as speculators enlarged positions.
At the Multi Commodity Exchange, gold for delivery in December contracts moved up by Rs 147, or 0.55% to Rs 27,119 per ten gram in business turnover of 1,800 lots.
On similar lines, gold for delivery in February traded higher by Rs 149, or 0.55% to Rs 27,260 per ten gram in 24 lots.
Analysts attributed the rise in gold futures to a firming global trend where the metal traded at nearly four-week highs. as speculation that the US Federal Reserve may delay raising borrowing costs on slowing global growth hurt the dollar and boosted demand for a safe-haven.
Meanwhile, gold traded higher at $1,236.12 an ounce from $1,235.87 yesterday in Singapore.
