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Gold Prices Rise to ₹86,180 per 10 Grams on Strong Demand
Gold prices surged by ₹371 to ₹86,180 per 10 grams in futures trading on Friday, driven by increased spot demand and fresh positions created by speculators.
On the Multi Commodity Exchange (MCX), gold contracts for March delivery climbed 0.43%, with a business turnover of 16,714 lots. Analysts attributed the price rise to strong market demand and fresh buying activity.
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In the global market, gold futures in New York saw a slight increase of 0.04% to $2,929.37 per ounce. The rise in international prices also contributed to the strengthening of gold rates in India.
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