Gold futures closed higher in the Local market on Tuesday as strength in the British pound helped the U.S. dollar ease back from recent multi month highs.
Signs of a pickup in inflation, which tends to be supportive for gold, also gave the metal a lift.
At the MCX, gold futures for December 2016 contract ended at Rs 29776 per 10 grams, up by 0.24 per cent, after opening at Rs 29,750, against a previous close of Rs 29,705. It touched the intra-day high of Rs 29,840.
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