Gold futures soften on global cues
Prices fell as speculators trimmed their positions
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Gold futures for June fell by Rs 30, or 0.10% to Rs 29,200 per ten grams in 3,795 lots.
At the Multi Commodity Exchange (MCX), the August contract traded lower by Rs 31, or 0.10% to Rs 29,671 per ten grams in 136 lots.
Prices fell as speculators trimmed their positions.
Weak global trend had a negative impact on gold futures here.
In New York, gold fell to cents 25.70 to $1,559.30 an ounce.
At the Multi Commodity Exchange (MCX), the August contract traded lower by Rs 31, or 0.10% to Rs 29,671 per ten grams in 136 lots.
Prices fell as speculators trimmed their positions.
Weak global trend had a negative impact on gold futures here.
In New York, gold fell to cents 25.70 to $1,559.30 an ounce.
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First Published: Apr 12 2013 | 2:34 PM IST