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Gold prices on Monday fell Rs 222 to Rs 49,890 per 10 gram in the futures trade as participants cut down their bets amid a weak global trend.
On the Multi Commodity Exchange, gold prices for the delivery in April fell by Rs 222, or 0.44 per cent, to Rs 49,890 per 10 gram in a business turnover of 10,973 lots.
Analysts attributed the fall in prices to trimming of positions by investors tracking a weak trend in global market.
Globally, gold was trading 0.37 per cent lower at USD 1,892.8 an ounce in New York.
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