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Gold futures marginally up on strong global cues

Last Updated: Wednesday, November 14, 2012 - 14:23

New Delhi: Gold prices traded marginally higher by 0.07 percent to Rs 32,133 per 10 grams in futures trading Wednesday as speculators created fresh positions in line with a firm global trend.

At the Multi Commodity Exchange, gold for delivery in February rose by Rs 24, or 0.07 percent, to Rs 32,133 per 10 grams in business turnover of 120 lots.

Similarly, the metal for delivery in December edged up by Rs 7, or 0.02 percent, to Rs 31,726 per 10 grams in 1,618 lots.

Market analysts said fresh positions built-up by speculators in tandem with a firm global trend on concerns that US lawmakers may fail to reach an agreement on the budget by year-end mainly influenced gold prices at futures trade.

Meanwhile, gold gained 0.3 percent to USD 1,729.65 an ounce in Singapore.


First Published: Wednesday, November 14, 2012 - 14:21
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