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Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.22 per cent to Rs 28,570 per 10 grams at the futures trade today.
On the Multi Commodity Exchange, gold for delivery in October eased by Rs 63 or 0.22 per cent to Rs 28,570 per 10 grams in a business turnover of 377 lots.
Likewise, the metal for delivery in far-month December shed Rs 58 or 0.2 per cent to Rs 28,575 per 10 grams in 2 lots.
Analysts said besides profit-booking by speculators, a weak trend in the overseas market as easing tensions in West Asia and Ukraine boosted global equities, damping the demand for yellow metal as an alternative investment, weighed on gold futures here.
Globally, gold traded 0.2 per cent lower at $1,306.48 an ounce in Singapore today.
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