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Yellow Metal Gleams Once Again; Logs 0.47 Percent Gain

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Yellow Metal Gleams Once Again; Logs 0.47 Percent Gain

July 01
17:25 2014

gold newNew Delhi, Tuesday, July 1 – Rates of yellow metal ameliorated by 0.47 percent to be at INR 27,980 per ten gm mark in futures trade on the first day of new month for the reason that investors generated fresh stances post taking constructive signals from foreign markets.

The delivery of precious metal in the initial month of last quarter changed hands being up by INR 131, or 0.47 percent, to arrive at INR 27,980 per ten gm with total sales of 8 lots at the MCX. Following the similar lines, the gold for delivery in the upcoming month mounted by INR 120, or 0.43 percent, to INR 27,896 per ten gm in the business volume of 179 lots.

More than a few market analysts stated bigger positions developed by investors effected gold futures. The gold dealt at approximately 3-month peak in world markets with shares in the SPDR, which is the major gold-backed exchange-traded product, increasing by 0.7 percent on June 30. Internationally, the valuable metal mounted by 0.90 percent to be at $1,326.90 per ounce in New York in the deal that took place on Monday.

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