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On the MCX, gold contracts for February were trading higher by Rs 562, or 1.38 percent, at Rs 41,225 per 10 gram at 0920 hours. It hit a record high of 42,278 per 10 gm. India Gold February futures hit a fresh record high on January 8 tracking gains in international spot prices which surged past $1,600 an ounce mark after Iran fired rockets at Iraqi airbase which hosts US forces that triggered risk-off sentiment. Spot prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rose 2 percent to $1,605.80. “The jump in the price of what’s viewed by investors as a safer asset in times of political and economic uncertainty came after Iran’s missile attack on US-led forces in Iraq early on Wednesday,” said a Reuters report. “The attack came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider conflict in the Middle-East,” it said. On the MCX, gold contracts for February were trading...

Coffee Day Enterprises said it would take required action in the next few days to get a portion of IT firm Mindtree shares -- owned by the company and its promoter VG Siddhartha -- released by the Income Tax Department.  Zee Entertainment Jumps Over 14%, Top Performer On Nifty Shares of Zee Entertainment rose as much as 14.8 per cent, its best intraday gain since May 2009, to Rs 365.40. The market capitalisation of Zee Group companies eroded nearly Rs 14,000 crore on Friday after a report said its controlling shareholder Essel Group’s name emerged in a probe linked to large deposits made after demonetisation. Trading Volume was 80.3 times its 30-day average, Bloomberg data showed. The Relative Strength Index was at 29, indicating that the stock may be oversold. The stock was the best performer on Nifty. Maruti Suzuki shares will assume focus after the firm reported results below street estimates on Friday.  Maruti Suzuki share price plunged by more than 8% to Rs 6...