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HindustanTimes Sun,20 Apr 2014

Gold futures up on firm global cues

PTI  New Delhi, October 07, 2013
First Published: 12:41 IST(7/10/2013) | Last Updated: 12:45 IST(7/10/2013)

Gold futures prices rose by 0.79 per cent to Rs. 29,000 per 10 gm today as speculators enlarged their positions on the back of firming global trends.

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At the Multi Commodity Exchange, gold for delivery in February, 2014 rose by Rs. 228, or 0.79%, to Rs. 29,000 per 10 grams, with a business turnover of 11 lots.

In a similar fashion, the metal for delivery in December contracts moved up by Rs. 226, or 0.78%, to Rs. 29,315 per 10 grams, with a trade volume of 666 lots.

Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets as a partial government shutdown entered a seventh day, spurring speculation that the political impasse may prompt the Federal Reserve to extend stimulus.

Meanwhile, gold rose by 0.60% to $1,319 an ounce in Singapore today.

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