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Gold futures up by Rs 14 on firm global cues

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Gold futures up by Rs 14 on firm global cues

Gold futures up by Rs 14 on firm global cues*/

– NEW DELHI: Gold prices rose by Rs 14 to Rs 28,075 per 10 grams in futures trading on Tuesday as speculators enlarged their positions amid a firming trend overseas.At the Multi Commodity Exchange , gold for delivery in far-month April rose by Rs 14, or 0.05 per cent to Rs 28,075 per 10 grams in a business turnover of one lot.Similarly, the yellow metal for delivery in February was trading higher by Rs 9, or 0.03 per cent to Rs 28,060 per 10 grams in 88 lots.Analysts said, a firming trend in the global markets as weakness in the dollar raised demand for the precious metal as a safe haven investment, mainly influenced gold prices at futures trade here.Globally, gold rose as much as 0.43 per cent to $1,185.90 an ounce in Singapore.
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Gold glitters to hit over 1-month high on global cues

Gold glitters to hit over 1-month high on global cues*/

– Standard gold (99.5 purity) rose by Rs.165 to finish at Rs.28,560 per 10 grams from Monday’s closing level of Rs.
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Gold tops Rs 29,000-mark, hits over 1-month high on global cues

Gold tops Rs 29,000-mark, hits over 1-month high on global cues*/

– NEW DELHI: Gold prices reclaimed the Rs 29,000-mark by surging Rs 330 to trade at over one-month high of Rs 29,030 per 10 grams, tracking uptrend in the global bullion market and increased buying by local jewellers.Silver also shot up by Rs 350 to Rs 40,750 per kg due to increased offtake by industrial units and coin makers.Bullion traders said that sentiment got a boost after gold moved up in global markets as weakness in the dollar raised demand for the precious metal as a safe haven.Globally, gold rose 0.43 per cent to USD 1,185.90 an ounce in Singapore.Besides, increased buying by jewellers at domestic spot market supported the upmove, they added.In the national capital, gold of 99.9 and 99.5 per cent purity climbed Rs 330 each to Rs 29,030 and Rs 28,880 per ten gram, respectively, a level last seen on December 5 when it had closed at Rs 29,050.The precious metal had shed Rs 40 in yesterday’s trade.Sovereign, however, remained unaltered at Rs 24,200 per piece of eight gram in limited deals.Following gold, silver ready also rebounded by Rs 350 to Rs 40,750 per kg and weekly-based delivery by Rs 305 to Rs 40,600 per kg.On the other hand, silver coins maintained steady at Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces.
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