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Gold futures rose by Rs 61 to reach Rs 86,174 per 10 grams on Wednesday, driven by increased spot demand.
On the Multi Commodity Exchange (MCX), gold contracts for April delivery rose by Rs 61, or 0.07%, trading at Rs 86,174 per 10 grams with a total of 16,537 lots changing hands.
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Analysts noted that fresh positions taken by speculators contributed to the price increase.
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Globally, gold futures saw a slight gain of 0.08%, trading at USD 2,933.54 per ounce in New York.
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