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Positive global cues lift gold futures by 0.17%

Press Trust of India  |  New Delhi 

Tracking a firm global trend, gold prices edged up by 0.17 per cent to Rs 29,678 per 10 grams in futures trade today as speculators built up fresh positions.

At the Multi Commodity Exchange, gold for delivery in October went up by Rs 49, or 0.17 per cent to Rs 29,678 per ten grams in business turnover of 248 lots.

Likewise, the yellow metal for delivery in December was trading higher by Rs 51, or 0.17 per cent to Rs 29,933 per ten gram in just 1 lot.

Market analysts said fresh positions created by traders in sync with a firming global trend, influenced gold prices at futures trade.

Globally, gold rose 0.23 per cent to USD 1,210 an ounce in Singapore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 07 2018. 10:40 IST