Gold futures rise 0.18% on global cues
Tracking a firm trend overseas, gold traded
higher by 0.18 per cent to Rs 31,581 per 10 grams in futures market today as
traders enlarged positions.
At the Multi Commodity Exchange, gold for delivery
in December rose by Rs 58 or 0.18 per cent to Rs 31,581 per ten grams in
business turnover of one lot.
Similarly, the yellow metal for delivery in
October contracts traded higher by Rs 56 or 0.18 per cent to Rs 31,434 per ten
grams in 152 lots.
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Analysts attributed the rise in gold futures
prices to a firming trend overseas where gold built on its biggest daily
increase since June and traded near the highest in almost three weeks as the
dollar weakened amid diminishing chances of a US interest-rate rise in
September.
Meanwhile, gold rose 0.2 per cent to USD 1,352.16
an ounce in Singapore.
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