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Gold Futures Gain On Spot Demand

Gold contracts for the August delivery traded higher by Rs 34, or 0.07 per cent, at Rs 47,668 per 10 gram in a business turnover of 5,447 lots.

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Gold prices on Friday surged by Rs 34 to Rs 47,668 per 10 gram in the futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for the August delivery traded higher by Rs 34, or 0.07 per cent, at Rs 47,668 per 10 gram in a business turnover of 5,447 lots.

Fresh positions built up by participants led to the rise in gold prices, analysts said.

Gold prices traded 0.27 per cent higher at USD 1,814.1 per ounce in New York.

(PTI)


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