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Gold futures closed higher in the domestic market on Friday as weakness in the U.S. dollar and uncertainty surrounding Donald Trump's presidency helped to lift prices by roughly 0.7% for the week. Uncertainty in the markets set in on Friday as Donald Trump became the 45th President of the United States and that’s likely to benefit prices for gold this year. At the MCX, gold futures for February 2017 contract ended at Rs 28624 per 10 grams, up by 0.34 per cent, after opening at Rs 28,649 against a previous close of Rs 28,528. It touched the intra-day high of Rs 28,696.
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