Gold futures fall 0.22% on global cues

Nov 15 2012, 13:18 IST
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Gold prices fell by Rs 75 to Rs 32,076 per 10 grams in futures trade.  (Reuters) Gold prices fell by Rs 75 to Rs 32,076 per 10 grams in futures trade. (Reuters)
SummaryGold prices fell by Rs 75 to Rs 32,076 per 10 grams in futures trade.

Gold prices fell by Rs 75 to Rs 32,076 per 10 grams in futures trade today as speculators trimmed positions, largely in tune with a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in February fell by Rs 75, or 0.23 per cent, to Rs 32,076 per 10 grams, with a business turnover of 267 lots.

Similarly, the metal for delivery in December traded lower by Rs 69, or 0.22 per cent, to Rs 31,677 per 10 grams, with a business turnover of 3,273 lots.

Marketmen attributed to a weak trend in the global markets as a higher dollar curbed demand for alternative investments including gold.

Meanwhile, gold lost 0.2 per cent to USD 1,723.30 an ounce in Singapore.

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