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Gold edges higher amid demand; NSE introduces electronic gold receipts

Gold prices rose on Tuesday due to strong demand, while the National Stock Exchange launched Electronic Gold Receipts (EGRs) to modernise gold trading in India

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Gold gains in futures trade. Representational Image

Gold gains in futures trade. Representational Image

Gold prices saw a rise on Tuesday, supported by strong demand in the spot market. In futures trade, gold climbed by Rs 254 to reach Rs 1,53,100 per 10 grams on the Multi Commodity Exchange, reported PTI.

Analysts said that fresh buying by traders helped push prices higher. Globally too, gold showed strength, with futures in New York rising by 0.50 per cent to USD 4,544.62 per ounce.

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