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Gold futures spurt Rs 139 on global cues

Gold futures spurt Rs 139 on global cues

New Delhi: Gold rose by Rs 139 to Rs 27,306 per 10 grams in futures trade today as speculators enlarged their positions, tracking a firming trend overseas.

Gold for delivery in February rose by Rs 139, or 0.51 per cent, to Rs 27,309 per 10 grams, in a business turnover of 314 lots.

Similarly, the metal for delivery in far-month April was also trading higher by Rs 119, or 0.44 per cent, to Rs 27,213 per 10 grams in two lots.

Analysts said speculators’ widening their bets, tracking a firming global trend, mainly supported the upside in gold prices at futures trade here.

Globally, gold inched up 0.28 per cent, to USD 1,141.509 an ounce in New York yesterday.

PTI