MCX Gold June futures contract trades higher on global cues

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MCX Gold June futures contract trades higher on global cues

Gold prices, trade higher in futures trade today as speculators created fresh positions, tracking a firm global trend.

After the release of soft, non-farm payroll figures, gold futures soared on Wednesday.

At the Multi Commodity Exchange, gold for delivery in June was trading at Rs 26,379 up Rs 110, or 0.42 percent. Gold touched an Intraday session high of Rs 26412 and an Intraday session low of Rs 26350. So far as MCX commodity exchange 829 gold futures contracts have been traded.

In the national capital Delhi at the bullion market on emergence of buying by jewellers and retailers at existing lower levels, gold of 99.9 and 99.5 per cent purity rose by Rs 200 each to Rs 26,775 and Rs 26,625 per 10 grams respectively.

On the Comex New York Mercantile Exchange, gold futures delivery in June rallied $24.30 or 2.05% to $1,207.50 a troy ounce. Meanwhile, gold rose 0.5% to USD 1,189.15 an ounce in Singapore.

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