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Gold prices softened by 0.18 per cent to Rs 29,771 per 10 gram at the futures trade as traders trimmed their bets amid weak global cues.
At the Multi Commodity Exchange, gold for delivery in December declined by Rs 54 or 0.18 per cent to Rs 29,771 per ten gram in a business turnover of 323 lots.
Analysts said cutting down of positions by participants, tracking a weak trend in global markets weighed on gold prices at the futures trade here.
Meanwhile, gold fell 0.02 per cent to $1,287.10 an ounce in Singapore.
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