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Gold futures decline on global cues

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Press Trust of India
Last Updated : Jan 20 2013 | 10:13 PM IST

Gold prices declined by Rs 91 to Rs 22,335 per 10 grams in futures trade today due to a weakening trend overseas.

At the Multi Commodity Exchange, gold for delivery in June declined by Rs 91, or 0.41% to Rs 22,335 per 10 grams, with a business turnover of 122 lots.

Likewise, the metal for August delivery lost Rs 90, or 0.40% to Rs 22,578 per 10 grams, with a business volume of 503 lots.

Analysts attributed the fall in gold futures to off-loading of positions by speculators, triggered by a weakening global trend as investor's concerns that Greece may become the first euro country
to default eased.

Meanwhile, gold traded lower by $3.80 to $1,530.50 an ounce in Asian region.

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First Published: Jun 01 2011 | 1:55 PM IST

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