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HindustanTimes Tue,16 Sep 2014

Gold futures down 0.71% on global cues

PTI  New Delhi, November 25, 2013
First Published: 11:40 IST(25/11/2013) | Last Updated: 11:46 IST(25/11/2013)

Gold prices moved down by 0.71% to Rs. 29,637 per 10 grams in futures trade today after participants offloaded partial positions, taking weak cues from the global market.

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At the Multi Commodity Exchange, gold for delivery in December declined by Rs. 211, or 0.71% , to Rs. 29,637 per 10 grams in business turnover of 329 lots.

Likewise, the metal for delivery in February next year shed Rs. 131, or 0.62%, to Rs. 29,025 per 10 grams in 36 lots.

Market analysts said a weak trend in the overseas markets as the accord between Iran and world powers damped demand for haven assets, while holdings in exchange-traded products extended declines, mainly weighed on gold prices at futures trade here.

Globally, gold fell 0.5% to trade at nearly four-month low of  $1,237.45 an ounce in Singapore.


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