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Gold futures fall ₹39,700 per 10 gm, lower by ₹171
Analysts attributed the fall in prices to trimming of positions by investors tracking a weak trend in global market.
Published on: Jan 13, 2020, 13:05:36 IST
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Gold prices on Monday fell by ₹171 to ₹39,700 per 10 gram in futures trade as participants cut down their bets amid a weak global trend.
On the Multi Commodity Exchange, gold prices for delivery in February fell by ₹171, or 0.43 per cent, to ₹39,700 per 10 gram in a business turnover of 2,145 lots.
The yellow metal for April delivery fell by ₹232, or 0.58 per cent, to ₹39,822 per 10 gram in 441 lots.
Analysts attributed the fall in prices to trimming of positions by investors tracking a weak trend in global market.
Globally, gold was trading 0.30 per cent lower at USD 1,555.40 an ounce in New York.
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