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Gold futures up on firm global cues

22 Apr 2009, 1204 hrs IST, PTI NEW DELHI: Gold futures on Wednesday rose by 0.29 per cent on sustained buying by traders and speculators on the back of a firming global trend. On the Multi Commodity Exchange at 1115 hours, gold for the most-active August-month contract gained 0.29 per cent to Rs 14,333 per ten gram, in trading of 45 lots. The yellow metal for the June-month contract traded 0.24 per cent higher at Rs 14,328 in 1,474 lots. Traders said a pick-up in demand in the spot market and reports of a firming trend in the overseas market, mainly pushed up gold prices. Meanwhile, gold in the Asian market traded lower at around $ 887.10 an ounce against $ 894.30.