Gold remains up in afternoon trade

February 06, 2009

Commodity Online
NEW DELHI : Gold futures continued to trade in positive territory in afternoon trade Friday tracking firm global cues.

The April contract on the Multi Commodity Exchange of India was seen trading at Rs14,287 at 3.30 p.m, up 18 rupees from the previous close.

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Analysts said the high prices affected local gold demand as prices above the psychological 14,000-rupees-level deterred new buyers.

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