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Gold futures down 0.1% on weak global cues

Gold for delivery in far-month October shed 0.15%

Press Trust of India New Delhi
Amid a weak trend overseas, gold prices fell 0.18% to Rs 27,917 per 10 gm in futures trade today.

At the Multi Commodity Exchange, gold for delivery in August eased by Rs 50, or 0.18%, to Rs 27,917 per 10 gm in business turnover of 390 lots.

Likewise, gold for delivery in far-month October shed Rs 42, or 0.15%, to Rs 28,090 per 10 gm in 16 lots.

Analysts said a weak trend in the overseas markets, where gold dropped to over three-week low, as investors await the conclusion of the US Federal Reserve's policy meet, put pressure on the gold prices at futures trade here.
 
Globally, gold fell $2.43 to $1,365.22 an ounce in Singapore today.

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First Published: Jun 19 2013 | 11:40 AM IST

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