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MCX Gold Updates, Commodity Outlook

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  • Thursday, August 11, 2011
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  • Gold extended a rally to an all-time high, topping $1,800 an ounce, on increased demand for a haven investment as global equities plunged amid escalating European and U.S. debt woes. The December-delivery contract climbed 1.9 percent to $1,817.60 on the Comex, rising for a fourth straight day. MCX Gold October contract is settled yesterday at Rs 26204, it was up by Rs 473 for the day.

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