MCX Gold Futures Up ₹200 to ₹40,530

MCX Gold Futures prices on January 27 rose by Rs 220 to Rs 40,530 per 10 gram in futures trade as speculators widened their bets in line with positive overseas trend.

On the Multi Commodity Exchange, gold contracts for February traded higher by Rs 220′ to Rs 40,530 per 10 gram in a business turnover of $1,654 lots.

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The yellow metal for April delivery traded higher by Rs 241, or 0.6 percent, at Rs 40,715 per 10 gram in a business turnover of 515 lots.

Globally, gold prices rose 0.53 percent to $1,588 per ounce in New York.

Fresh positions built up by participants taking positive cues from global markets mostly led to the rise in gold prices, analysts said.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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