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Last Updated : May 02, 2016 11:18 AM IST | Source: PTI

Gold futures up Rs 36 on global cues

At the Multi Commodity Exchange, gold for delivery in far-month August was trading higher by Rs 36, or 0.12 percent, to Rs 30,502 per 10 grams, in a business turnover of just one lot.


Gold rose by Rs 36 to Rs 30,502 per 10 grams in futures trading today as speculators widened positions, tracking a firming trend overseas.


At the Multi Commodity Exchange, gold for delivery in far-month August was trading higher by Rs 36, or 0.12 percent, to Rs 30,502 per 10 grams, in a business turnover of just one lot.


Similarly, the metal for delivery in June was up by Rs 14, or 0.05 percent, to Rs 30,280 per 10 grams in 120 lots.

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Market analysts said speculators enlarged their positions on the back of a firming global trend as a gauge of the dollar touched an 11-month low after weaker-than-expected US economic growth cut prospects for higher interest rates, adding to the appeal of safe haven investment, influenced gold futures here.


Globally, gold climbed as much as 0.03 percent to USD 1,292.80 an ounce in Singapore.



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First Published on May 2, 2016 11:08 am
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