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Gold futures fall on low demand
Gold prices fell Rs 1,005 to Rs 47,501 per 10 gram in the futures trade on Thursday as speculators reduced their positions amid low demand.
By
migrator
migrator
New Delhi
On the Multi Commodity Exchange, gold contracts for the August delivery traded lower by Rs 1,005, or 2.07 per cent, to Rs 47,501 per 10 gram in a business turnover of 10,746 lots.
Analysts attributed the fall in gold prices to trimming of positions by participants.
Globally, gold traded 2.82 per cent lower at USD 1,809 an ounce in New York.
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