Gold futures on the Multi Commodity Exchange opened higher at Rs 30,984 per 10 gm against Saturday's close of Rs 30,947.

In Comex, the yellow metal for December delivery Markel Comex was up at $1674 troy ounce.

Chinese industrial profit fell by the most this year. The Chinese Premier Wen Jiabao hinted at economic stimulus to arrest the sliding economy.

The development in China hss rekindled the hopes of easing from the global central banks. This may keep gold priced buoyed for the day.

(This article was published on August 27, 2012)
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