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Gold futures drop 0.30% on weak overseas trend

Market analysts said a weak trend in the overseas markets mainly weighed on gold prices at futures trade

Press Trust of India New Delhi
Gold prices fell by 0.30 per cent to Rs 26,190 per 10 grams in futures trade on Tuesday after participants trimmed positions amid weak cues from global markets.

At the Multi Commodity Exchange, gold for delivery in April eased by Rs 80, or 0.30 per cent, to Rs 26,190 per 10 grams in a business turnover of 481 lots.

Likewise, the metal for delivery in June shed Rs 73, or 0.28 per cent, to Rs 26,382 per 10 grams in 573 lots.

Market analysts said a weak trend in the overseas markets mainly weighed on gold prices at futures trade here.
 
In Singapore gold prices slipped to $1,185.49 an ounce from yesterday's $1,186.07.

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First Published: Mar 31 2015 | 11:32 AM IST

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