ZOID RESEARCH 11-JULY-2014 : GOLD

Gold also gained support from India's decision to keep the import duty on gold unchanged at a record 10 percent in its budget on Thursday. India's most-traded August gold contract rose as much as 3 percent on speculation that Indian jewellers, who were on the sidelines expecting a duty cut, will re-stock after the government's decision.

On the MCX, gold prices gained by around 3 percent and closed at Rs.28496/10gms.

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