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Gold prices decline on profit-taking

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Press Trust of India New Delhi

Gold futures prices declined by 0.17 per cent on the Multi Commodity exchange (MCX) today as traders involved in booking profits at existing higher levels, driven by fall in demand.

Gold for December contract declined by 0.17 per cent to Rs 15,111 per 10 grams, clocking an open interest of 2,635 lots.

Similarly, gold for delivery in October contract shed 0.13 per cent to Rs 15,105 per 10 grams, clockingg an open interest of 14,569 lots. 

Marketmen said profit-taking by traders due to fall in demand mainly led to fall in gold prices at futures market here.

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First Published: Sep 01 2009 | 2:51 PM IST

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