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Gold futures fell 0.15% to Rs 28,570 per 10 grams today as speculators offloaded positions to book profits even as the metal traded at nearly four-month high overseas.
At the Multi Commodity Exchange, gold for delivery in October fell by Rs 43, or 0.15%, to Rs 28,570 per 10 grams in a business turnover of six lots.
August gold declined by Rs 32, or 0.11%, to Rs 28,464 per 10 grams in 195 lots.
Market analysts said the fall in gold futures was mostly due to profit-booking by speculators after recent gains. A firming trend in precious metal overseas on rising tension in the Middle East also boosted its safe-haven demand.
Meanwhile, gold prices rose 0.11% to $1,336.80 an ounce in Singapore.
