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This is an archive article published on September 12, 2012

Gold futures rise on global cues

Gold prices rose by Rs 97 to Rs 32,690 per 10 grams in futures trade.

Tracking a firm global trend,gold prices rose by Rs 97 to Rs 32,690 per 10 grams in futures trade on Wednesday as speculators created fresh position.

At the Multi Commodity Exchange,gold for delivery in February rose by Rs 97,or 0.30 per cent,to Rs 32,690 per 10 grams,with a business turnover of 16 lots.

Similarly,the yellow metal for delivery in October traded higher by Rs 72,or 0.23 per cent,to Rs 31,948 per 10 grams,with a business turnover of 5,085 lots.

Marketmen said fresh buying by speculators in line with a firming global trend mainly led to a rise in gold prices at futures trade.

Meanwhile,gold rose 0.3 per cent to $ 1,736.45 an ounce in Singapore.

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