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Gold futures achieve on spot demand

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New Delhi: Gold costs on Thursday rose by Rs 108 to Rs 50,156 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 greater by Rs 108, or 0.22 per cent, at Rs 50,156 per 10 gram in a enterprise turnover of 15,404 heaps.

Fresh positions constructed up by individuals led to the rise in gold costs, analysts stated.

Gold costs traded 0.24 per cent greater at USD 1,895.40 per ounce in New York.

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