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Gold futures achieve on spot demand

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Gold costs on Friday rose by Rs 36 to Rs 50,636 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 36, or 0.07 per cent, at Rs 50,636 per 10 gram in a enterprise turnover of 9148 tons.

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

Gold costs traded 0.17 per cent larger at USD 1,876.50 per ounce in New York.

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