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Gold futures on the Multi Commodity Exchange opened marginally higher at Rs 31,429 per 10 grams against the previous close of Rs 31,400 due to rupee depreciation against dollar.
In Comex, gold is being traded at $1,765 troy ounce.
The US housing sector data will be released in the evening. This may show an improvement and support the dollar.
Gold futures may remain on the higher side and move up further in the evening session as rupee depreciates against dollar.
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