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Gold futures fall 0.3% on sluggish demand

Prices fell as speculators offloaded their positions

Press Trust of India New Delhi
Gold futures for April fell by Rs 89, or 0.30% to Rs 29,963 per ten grams in 8,712 lots.

At the Multi Commodity Exchange (MCX), the June contract lost Rs 86, or 0.28% to Rs 30,494 per ten grams in 477 lots.

Prices fell as speculators offloaded their positions on sluggish spot market demand.

Weak global trend pulled down gold futures trade here.

In New York, gold fell by $5.20 to $1604.60 an ounce.

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First Published: Feb 20 2013 | 4:18 PM IST

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