Pursuits
Gold Jumps Most Since September as Jaitley Keeps Curbs
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Gold prices in India climbed the most since September after Finance Minister Arun Jaitley kept curbs on imports in the annual budget, limiting supply and potentially boosting premiums during the festival season.
Futures on the Multi Commodity Exchange of India Ltd. advanced as much as 3.5 percent to 28,580 rupees per 10 grams ($476), the highest level since May 15, and traded at 28,556 rupees at 5:01 p.m. in Mumbai. Prices are little changed this year as the rupee rallied, while gold for immediate delivery in London has increased 12 percent.