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Gold futures achieve on spot demand

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Gold costs on Tuesday rose by Rs 11 to Rs 50,841 per 10 gram in futures commerce as speculators created contemporary positions on agency spot demand.

On the Multi Commodity Exchange, gold contracts for December supply traded larger by Rs 11, or 0.02 per cent, at Rs 50,841 per 10 gram in a enterprise turnover of 8,460 heaps.

Fresh positions constructed up by contributors led to the rise in gold costs, analysts mentioned.

Gold costs traded 0.17 per cent larger at USD 1,884.50 per ounce in New York.

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