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Gold trades marginally down on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:11 AM IST

Gold prices fell marginally by Rs 11, or 0.06 per cent, to Rs 18,886 per ten gram in futures trade today, as speculators reduced their holdings on the back weakening global trend.

At the Multi Commodity Exchange counter, gold for delivery in October-month fell Rs 11, or 0.06 per cent to Rs 18,886 per ten gram, with an open interest of 19,701 lots.

Similarly, the metal for delivery in December lost Rs 7, or 0.04 per cent, to Rs 19,001 per ten gram, with an open interest of 3,687 lots.

Market experts said fresh off-loading by speculators amid weakening global trend mainly led to a fall in gold prices at futures trade.

Meanwhile, gold fell by $3.10 to $1,235 an ounce in Asian region.

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First Published: Aug 30 2010 | 2:51 PM IST

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