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Gold prices fell Rs 37 to Rs 29,571 per 10 grams at the futures trade as participants trimmed their positions to book profits amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month April was trading lower by Rs 37 or 0.12 per cent at Rs 29,571 per 10 grams in a business turnover of five lots. Also, the metal for delivery in February shed Rs 27 or 0.09 per cent to Rs 29,618 per 10 grams in 294 lots.
Analysts said apart from profit-booking at current levels by speculators, a weak trend overseas, weighed on the precious metal at the futures trade. Globally, gold fell 0.03 per cent to $1,326.40 an ounce in New York.
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