MCX GOLD APRIL FUTURES UP BY RS 174 ON GLOBAL CUES.

MCX GOLD APRIL FUTURES UP BY RS 174 ON GLOBAL CUES.

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MCX Gold April futures up by Rs 174 on global cuesGold futures prices on MCX were trading higher by Rs 174 to Rs 27,175 per 10 grams today as speculators created fresh positions amid positive cues from global markets.
Gold rallied to its highest level by more than four weeks, as investors seeking refuge from steep losses in the oil market and amid speculation the Federal Reserve will keep rates on hold for longer.
At the Multi Commodity Exchange, April futures contract was trading up by Rs 174, or 0.64 per cent, to Rs 27,175 per kg. Gold touched an intraday session high of Rs 27198 and an intraday session low of Rs 27113. So far 32 contracts have been traded on MCX.
Similarly, Gold February futures was trading at Rs 26,972 up Rs 172, or 0.64 percent.
In the national capital bullion market, gold of 99.9 and 99.5 per cent purity flared up by Rs 230 each to Rs 27,480 and Rs 27,280 per ten grams respectively.
Meanwhile, on the Comex New York, gold futures for February delivery hit a session high of $1,231.20 a troy ounce, the most since December 11.
To contact the KheloMCX Advisory visit here. Or Free trial Advisory Visit KheloMCX.com.

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