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Yellow Metal Rises; Shines Again on World Indications

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Yellow Metal Rises; Shines Again on World Indications

April 28
17:32 2014

gold 2New Delhi, Monday, April 28 – Rates of the yellow metal went up by 0.35 % to INR 28,481 per ten grams in futures deal for the reason that investors generated new positions as soon as the gold soared to more than one-week peak in the world markets.

The valuable metal for delivery in far month August was higher by INR 98, or say 0.35 %, to INR 28,481 per ten grams in a business turnover of thirteen lots at the Multi Commodity Exchange.

On the other hand, in a turnover of 413 lots, gold for delivery after two months ascended by INR 79, or say 0.27 %, to touch the level of 28,984 per ten grams.

In the intervening time, the yellow metal soared by 0.30 % to reach at the mark of $1,306.59 per ounce in Singapore, being the maximum for the first time after April 16.

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