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Gold prices on Tuesday fell by Rs 262 to Rs 40,482 per 10 gram in futures trade as participants cut down their positions in line with a weak trend overseas.
On the Multi Commodity Exchange, gold prices for delivery in April fell by Rs 262, or 0.64 per cent, to Rs 40,482 per 10 gram in a business turnover of 18,019 lots.
Analysts said subdued overseas cues mainly influenced market sentiments here.
Globally, gold was trading 0.54 per cent lower at $1,573.90 an ounce in New York.
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