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Gold futures fall on weak global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 12:57 AM IST

Gold prices fell by Rs 33, or 0.18 per cent, to Rs 18,747 per ten gram in futures market today on emergence of selling in tandem with a weakening global trend.  

At the Multi Commodity Exchange platform, gold for October contract fell by Rs 33, or 0.18 per cent, to Rs 18,747 per ten gram, with an open interest of 1,873 lots. 

Similarly, the metal for delivery in August contract lost Rs 31, or 0.17 per cent, to Rs 18,667 per ten gram, with a business volume of 18,472 lots.

Market analysts said fresh selling by traders in line with a weakening global trend mainly led to a fall in gold prices at the futures market.

Meanwhile, gold shed 0.2 per cent to $1,234.50 an ounce in Asian region.

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First Published: Jun 24 2010 | 2:16 PM IST

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