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Gold futures fall 0.22% on global cues

Last Updated: Thursday, November 15, 2012 - 13:42

New Delhi: Gold prices fell by Rs 75 to Rs 32,076 per 10 grams in futures trade Thursday as speculators trimmed positions, largely in tune with a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in February fell by Rs 75, or 0.23 percent, to Rs 32,076 per 10 grams, with a business turnover of 267 lots.

Similarly, the metal for delivery in December traded lower by Rs 69, or 0.22 percent, to Rs 31,677 per 10 grams, with a business turnover of 3,273 lots.

Marketmen attributed to a weak trend in the global markets as a higher dollar curbed demand for alternative investments including gold.

Meanwhile, gold lost 0.2 percent to USD 1,723.30 an ounce in Singapore.


First Published: Thursday, November 15, 2012 - 13:40
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