MCX GOLD JUNE FUTURES GAINS 1% AMID A BETTER TREND OVERSEAS.

MCX GOLD JUNE FUTURES GAINS 1% AMID A BETTER TREND OVERSEAS.

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MCX Gold June futures gains 1% amid a better trend overseas
Gold prices increased in futures trading today as bullion traders enlarged positions amid a better trend overseas.
Traders said gold bullion recovered from at least three months in the global marketplace after the US Federal Reserve stated that the interest rates could rise at a slower pace than estimated, boosted sentiment.
At the Multi Commodity Exchange, Gold June futures contract was trading at Rs 26040 up Rs 275, or 1.07 percent. Bullion hit an intraday high of Rs 26055 and an intraday low of Rs 26006. So far 143 contracts have been traded on MCX.
Gold of 99.9 and 99.5 per cent purity climbed by Rs 375 and Rs 325 to Rs 26,375 and Rs 26,175 per 10 grams, respectively at the bullion market on brisk buying by jewellers and retailers amid a firm global trend.
Gold in Singapore, rose by 0.9 per cent to $1,177.96 an ounce, from $1,149.57 yesterday.
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