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Gold futures down 0.36% on global cues

The fall in gold futures was mostly attributed to a weak trend overseas as investors weighed the Federal Reserve's next move

Press Trust of India New Delhi
Gold futures prices today fell by 0.36% to Rs 26,344 per 10 grams as speculators offloaded their positions in tandem with a weak global trend.
 
At the Multi Commodity Exchange, gold prices for delivery in August fell by Rs 94, or 0.36%, to Rs 26,344 per 10 grams in business turnover of 542 lots.
 
Similarly, metal prices for delivery in October declined by Rs 87, or 0.33%, to Rs 26,482 per 10 grams in 27 lots.
 
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas as investors weighed the Federal Reserve's next move on stimulus amid concern gains last week may deter physical purchases.
 
 
Meanwhile, gold prices fell 0.2% to $1,281.60 an ounce in Singapore. 

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First Published: Jul 16 2013 | 10:45 AM IST

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