GOLD APRIL FUTURES SURGE BY 0.6% AS FIRMER DOLLAR ON OVERSEAS MARKETS.

GOLD APRIL FUTURES SURGE BY 0.6% AS FIRMER DOLLAR ON OVERSEAS MARKETS.

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Gold April futures surge by 0.6% as firmer dollar on overseas markets
Futures prices of gold rallied on Tuesday in futures trading as the dollar rebounded from losses and oil prices has weakened during the metal’s appeal as hedging.
The gold is trading as good in the domestic market with the international market has grown rapidly. In domestic market gold has supported by rupee weakness. Comex gold rose 0.5 percent and was trading above $1,200. MCX gold in the domestic market, with a gain of 0.6 per cent is trading above Rs 26,600.
At the Multi Commodity Exchange, gold for April 2015 delivery futures flowed by Rs 150, or 0.57% at 26,618 rupees per 10 grams.
Globally, on the Comex New York Mercantile Exchange, gold futures for February delivery traded at $1,203.80 a troy ounce, up 0.08%
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