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Gold futures surge on positive demand

Retail Jeweller India

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New Delhi: Gold prices on Tuesday rose by Rs 104 to Rs 45,885 per 10 gram in futures trade as speculators created fresh positions on firm spot demand.

On the Multi Commodity Exchange, gold contracts for June traded higher by Rs 104, or 0.23 per cent, to Rs 45,885 per 10 gram in a business turnover of 12,900 lots.

The yellow metal for August delivery edged up by Rs 119, or 0.26 per cent, to Rs 46,125 per 10 gram in a business turnover of 7,713 lots.
Fresh positions built up by participants mainly led to the rise in gold prices, analysts said. Globally, gold prices traded higher by 0.60 per cent at USD 1,708.20 per ounce in New York.

Courtesy: Businessinsider.in

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