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Tuesday, 6 December 2016

MCX Free Tips: Gold Improve from 10 Month Lows

Gold edged up on Tuesday as bargain hunters moved in after prices touched their lowest in 10 months the session before. 

* Spot gold was up 0.2 percent at USD 1,172.92 an ounce by 0100 GMT. The yellow metal touched USD 1,157 an ounce on Monday, its most reduced since February 5. 

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* US gold futures , which also touched a 10-month low in the previous session, shed 0.2 percent to USD 1,174.40 for each ounce. 

* Holdings of the SPDR Gold Trust , the world's biggest gold-backed exchange-traded fund fell 0.04 percent to 869.90 tons on Monday. 

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