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Gold futures prices down on weak global cues,profit-booking

Gold prices fell 0.24 per cent to Rs 27,087 per 10 grams in futures trade today.

Written by PTI | New Delhi | Published: April 30, 2013 11:51 am

Amid a weak trend overseas and profit-booking by speculators,gold prices fell 0.24 per cent to Rs 27,087 per 10 grams in futures trade today.

At the Multi Commodity Exchange,gold for delivery in June eased by Rs 164,or 0.24 per cent,to Rs 27,087 per 10 gm in business turnover of 777 lots.

Likewise,the metal for delivery in far-month August shed Rs 39,or 0.14 per cent,to Rs 27,499 per 10 gm in 26 lots.

Analysts said a weak trend in the overseas markets as investors holdings shrank amid profit-booking by speculators,put pressure on the gold prices at futures trade here.

Globally,gold fell 0.50 per cent to USD 1,469.05 an ounce in Singapore today.

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