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Friday, 24 April 2015

MCX plans to launch spot trading in gold?

Traders started building bullish bets on gold early Friday, a day after short covering pushed up the price by 1% to Rs 26,900 per 10 gm. 

The build-up in intraday bullish bets is borne out by options data on US bourse Comex. At about noon India time, traders on Comex purchased more call options of the $1,200 strike price for June, while open interest in the $1,200 put options declined. 

The $1,200 'out of the money' call added 131 contracts against a decline of 46 contracts in  .. 

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