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Gold futures decline on profit taking, global cues

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Press Trust of India New Delhi

Gold futures prices declined by Rs 39 to Rs 20,974 per 10 grams today as speculators booked profits at existing high levels amid a weakening global trend. 

At the Multi Commodity Exchange, gold for delivery in April declined by Rs 39, or 0.19 per cent, to Rs 20,974 per 10 grams, with a business turnover of four lots. 

Similarly, the metal for delivery in June lost Rs 39, or 0.18 per cent, to Rs 21,245 per 10 grams in just two lots. 

Traders said profit booking by speculators amid a weakening global trend mainly led to decline in gold futures prices.

 

Meanwhile, gold traded 0.05 per cent lower in Asian region.

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First Published: Mar 24 2011 | 6:01 PM IST

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