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Gold prices rose 0.16 per cent to Rs 27,765 per 10 grams at the futures trade today as speculators enlarged positions amid a rebound in global market.
On the Multi Commodity Exchange, gold for delivery in December moved up by Rs 43 or 0.16 per cent to Rs 27,765 per 10 grams in a business turnover of six lots.
Similarly, the yellow metal for delivery in far-month October traded higher by Rs 25 or 0.09 per cent, to Rs 27,579 per 10 grams in 218 lots.
Analysts said a slightly better trend in the global market after yesterday’s plunge supported the upside in gold prices at the futures trade here.
Meanwhile in Singapore, gold traded higher at $1,266.15 an ounce from $1,265.40 yesterday.
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