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Gold futures down on weak global cues

Gold prices were marginally down by 0.10 per cent to Rs 27,062 per 10 gm

New Delhi: Gold prices were marginally down by 0.10 per cent to Rs 27,062 per 10 gm in futures trade on April 24 after participants offloaded partial positions, taking weak cues from global market.

At the Multi Commodity Exchange, gold for delivery in far-month August declined by Rs 28 or 0.10 per cent to Rs 27,062 per 10 gm in business turnover of five lots. Likewise, the metal for delivery in June contracts shed Rs 23 or 0.09 per cent to Rs 26,877 per 10 gm in 300 lots.

Market analysts said a weak trend in overseas markets mainly put pressure on precious metal at futures trade here. Globally, gold traded lower at USD 1,192.78 an ounce in Singapore on April 24.

( Source : PTI )
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