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RTRS: India gold futures at new high on global woes
 
MUMBAI, Oct 10 (Reuters) - India's gold futures touched a new high at 14,200 rupees per 10 grams on Friday, buoyed by safe haven buying overseas and a weaker rupee locally, indicating more highs were likely during the day, analysts said.

"Central banks' measures have failed to calm markets, the G7 meeting today is unlikely to help either," said Subodh Gupta, analyst at Anand Rathi Commodities.

Foreign gold, that guides the local market, struck over-two- month highs as investors bought gold as a safe investment amid falling equity markets. In the local market, the rupee fell to an all-time low against the dollar on concerns of large outflow of foreign funds that made gold even more expensive as most of India's precious metals are imported and priced in the U.S. currency.

The benchmark December gold was likely to range within 13,900 rupees and 14,300 rupees, Gupta said.

Following are gold prices in rupees per 10 grams on the Multi Commodity Exchange of India Ltd. at 10:21 a.m.
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