TOKYO, Sep 21 Spot gold held on to gains on Friday after surging to a 28-year high the pr

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TOKYO, Sep 21 (Reuters) Spot gold held on to gains on Friday after surging to a 28-year high the previous day, as the dollar hung near a record low against the euro and crude oil prices remained strong.

-- Spot gold stood at $734.50/735.00 an ounce as of 0118 GMT, versus $734.20/735.00 in late New York.

-- It rose more than 2 percent to $738.30 on Thursday, its highest since January 1980, when it hit a record high of $850.

-- The most-active December gold contract on the COMEX division of the New York Mercantile Exchange rose to $742.0 an ounce in electronic trade on Friday, up $2.10 from Thursday's settlement.

-- The most active gold futures contract for August 2008 delivery <0JAU:> on the Tokyo Commodity Exchange stood at 2,743 yen a gram, up 24 yen or about 0.9 percent from the previous close.

-- The euro hovered around $1.4065 , little changed from late levels in New York on Thursday, when it surged to $1.4099, its highest level since the single European currency was unveiled in 1999.

-- Oil's rise to a record high also fanned fears about inflation, driving investors to buy gold as a hedge.

-- U.S. crude for October delivery was trading above $83 a barrel in Globex electronic trading on Friday, after touching an all-time high of $84.10 the previous day, on supply concerns and storm worries.

-- Cash platinum was at $1,326/1,331 an ounce, compared to $1,323.40/1,330.40 in late New York.

-- Spot silver inched up to $13.41/13.46 an ounce from $13.36/13.41 in New York.

-- Spot palladium traded at $337/341 an ounce, from $336.40/340.40.

Precious metals prices at 0123 GMT Metal Last Change Pct chg YTD pct chg Turnover Spot Gold 734.30 1.30 +0.18 15.51 Spot Silver 13.41 0.04 +0.30 4.36 Spot Platinum 1327.00 3.60 +0.27 17.23 Spot Palladium 337.00 0.60 +0.18 1.51 TOCOM Gold 2742.00 23.00 +0.85 12.15 32442 TOCOM Platinum 4904.00 38.00 +0.78 15.28 14669 TOCOM Silver 499.30 10.30 +2.11 1.22 1248 TOCOM Palladium 1277.00 15.00 +1.19 1.75 321 Euro/Dollar 1.4073 Dollar/Yen 114.99 TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices in $ per ounce.

REUTERS AK BST0715

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