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Gold prices fell 0.25 per cent to Rs 29,587 per 10 grams at the futures trade as participants cut down their bets due to a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in December fell Rs 74 or 0.25 per cent to Rs 29,587 per 10 grams in a business turnover of 86 lots. Also, the metal for delivery in far-month February next year declined by Rs 54 or 0.18 per cent to Rs 29,753 per 10 grams in six lots.
Analysts attributed the fall in prices to trimming of positions by participants owing to a weak trend in global market.Meanwhile, gold fell 0.02 per cent to $1,284.30 an ounce in Singapore today.
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