MCX GOLD DECEMBER FUTURES RISE ON POSITIVE GLOBAL CUES.

MCX GOLD DECEMBER FUTURES RISE ON POSITIVE GLOBAL CUES.

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MCX Gold December futures rise on positive global cues
Prices of MCX gold futures were trading with marginalized gains on Tuesday as speculators enlarged positions on positive signals from the overseas markets.
At the Multi Commodity Exchange, Gold December fuutres contract was trading up by Rs 59, or 0.22 per cent, to Rs 26,522 per 10 grams. Gold prices hit an intraday morning session high of Rs 26,533 and an intraday low of Rs 26,471. So far 914 contracts have been traded at MCX Exchange.
Market analysts said speculators enlarged their positions on the back of overnight gains on the US markets, after small losses in the previous session, while traders eyed the dollar and an upcoming Swiss referendum on central bank gold reserves for more trading cues.
Meanwhile, globally Spot gold was up 0.1 per cent at $1,198.76 an ounce. And Comex gold traded 0.96 per cent higher at $ 1,194.50 an ounce
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