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    Precious Metals: Gold, silver futures up on spot demand, global cues

    Synopsis

    Globally, gold was trading 1.02 per cent up at USD 1,442.60 an ounce in New York.

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    According to analysts, raising of bets by speculators at current levels mainly pushed up gold prices at futures trade here.

    Commodity Summary

    MCX
    New Delhi: Gold prices edged up by Rs 178 to Rs 35,334 per 10 gram at futures trade Friday on firm demand by local jewellers at the spot market.

    On the Multi Commodity Exchange, gold contracts for August delivery were up by Rs 178, or 0.51 per cent, to trade at Rs 35,334 per 10 gram in a business turnover of 15,569 lots.

    According to analysts, raising of bets by speculators at current levels mainly pushed up gold prices at futures trade here.

    Globally, gold was trading 1.02 per cent up at USD 1,442.60 an ounce in New York.

    Silver

    Silver prices rose Rs 583 to Rs 41,321 per kg in futures trade Friday as speculators raised their bets tracking a firm trend in overseas market.

    On the Multi Commodity Exchange, silver contracts for September delivery were trading higher by Rs 583, or 1.43 per cent, to Rs 41,321 per kg in a business turnover of 19,166 lots.

    The white metal for delivery in far-month December contracts rose by Rs 573, or 1.3 per cent, to Rs 42,002 per kg in 1,043 lots.

    In the international market, silver rose 1.71 per cent to USD 16.48 an ounce in New York.
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