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(PTI) Gold prices on Friday increased by ₹282 to ₹50,638 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for October delivery traded higher by ₹282 or 0.56 per cent at ₹50,638 per 10 gram in a business turnover of 10,471 lots.

Fresh positions built up by participants led to the rise in gold prices, analysts said.

Globally, gold was trading 1.08 per cent higher at USD 1,738.70 per ounce in New York.&nbsp;

Gold futures gain ₹282 per 10 gram

Fresh positions built up by participants led to the rise in gold prices, analysts said.

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Gold futures gain ₹282 per 10 gram

Fresh positions built up by participants led to the rise in gold prices, analysts said.

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