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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.