Gold futures up, silver higher

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Gold futures up, silver higher
Gold and silver futures rose on Wednesday reflecting positive global trend, hopes rekindled that Greece bailout package will take the dollar down against Euro.

The most traded gold on Multi Commodity Exchange for April delivery rose Rs 42 or 0.15% to Rs 28,415 at 2.40 pm IST and had touched intraday high of Rs 28,429 per 10 grams.

The metal for June contract up by Rs 56 or 0.20% to Rs 28,760 and touched intraday high of Rs 28,764.

Spot gold rose and was seen trading at Rs 28,086 while spot silver rose and was seen trading at Rs 56,145.00 per kgs.

Domestic, Gold of 99.9 % was at higher at Rs 28,530 up by Rs 420 and 99.5% at Rs 28,380 per 10 grams. Silver was seen trading at Rs 57,300 per kgs up by Rs 300.

Domestic gold increased as persistent buying by stockist and jewellers to meet the up coming wedding season.

While, silver for march delivery was trading higher by Rs 416 or 0.73% at Rs 57,681 and touched intraday high of Rs 57,760 per kgs.

US spot gold was seen lingering at $1,747.19 an ounce.

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Read more about: gold, silver, futures, mcx
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