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Tracking a weak global trend, gold prices fell Rs 72 to Rs 31,343 per 10 grams at the futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in December fell Rs 72 or 0.23 per cent to Rs 31,343 per 10 grams with a business turnover of 1,499 lots.
Similarly, the yellow metal for delivery in October lost Rs 32 or 0.1 per cent to Rs 31,001 per 10 grams with a business turnover of 125 lots.
Marketmen said speculators offloaded their positions amid a weak global trend as retail sales data from the euro area today may add to signs of economic weakness, curbing demand for the precious metal. This will lead to a fall in gold futures here.
Meanwhile, gold dropped 0.2 per cent to $1,771.35 an ounce in Singapore.
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