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Gold rises Rs 67 in futures trade on global cues

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Press Trust of India New Delhi
Gold prices rose by Rs 67 to Rs 30,101 per 10 gram in futures trade after speculators raised their bets amid a better trend overseas.

Gold for delivery in June was trading higher by Rs 67, or 0.22 per cent, to Rs 30,101 per 10 gram with a turnover of 1,113 lots at the Multi Commodity Exchange.

The metal for delivery in far-month August contracts was up by Rs 57, or 0.19 per cent, at Rs 30,335 per 10 gm in a turnover of 45 lots.

Analysts said rise in gold prices at futures trade was mostly in tune with a firming trend overseas amid strength in dollar, raising the appeal for the precious metals.
 

Meanwhile, gold rose as much as 0.39 per cent to USD 1,277.80 an ounce in Singapore.

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First Published: May 16 2016 | 11:57 AM IST

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