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Gold prices fell 0.19% to Rs 29,711 per 10 grams in futures trade today as participants reduced their positions largely in tandem with a weak trend overseas amid profit-booking.
At the Multi Commodity Exchange, the June contract for gold eased by Rs 56, or 0.19%, to Rs 29,711 per 10 gm in business turnover of 427 lots.
The August contract shed Rs 52, or 0.17%, to Rs 30,168 per 10 gm in 7 lots.
Market analysts said a weakening trend in the overseas markets as investors cut holdings and dollar advanced, curbing demand for the metal as an alternative asset, mainly weighed on the gold prices at futures trade here.
Globally, gold fell 0.3% to $1,575.83 an ounce in Singapore today.
