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Gold futures down on global cues

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Press Trust of India New Delhi

Gold futures fell by Rs 81, or 0.28%, to Rs 27,728 per 10 grams today as speculators trimmed their positions, tracking weak overseas trends.

At the Multi Commodity Exchange, gold for delivery in February fell by Rs 81, or 0.28%, to Rs 27,728 per 10 grams, with a turnover of 1,371 lots.

The April contract shed Rs 76, or 0.27%, to Rs 28,035 per 10 grams, with a trading volume of 80 lots.

Analysts attributed fall in gold futures to offloading of positions by speculators tracking weak global markets.

Meanwhile, gold fell by 0.39% to $1,610.50 an ounce in early trade in Singapore.

 

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First Published: Dec 22 2011 | 11:14 AM IST

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