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Gold futures down 0.2% on profit-booking

Participants indulged in profit-booking at prevailing levels despite the precious metal rising

Press Trust of India New Delhi
Gold futures prices today shed 0.19% to Rs 26,892 per ten grams as participants indulged in profit-booking at prevailing levels despite the precious metal rising in the global market.

Gold prices fell by Rs 52, or 0.19%, to trade at Rs 26,892 per 10 gram for delivery in April contracts at the Multi Commodity Exchange.

Similarly, the metal for delivery in far-month June shed Rs 38, or 0.14%, to Rs 27,040 per 10 gram in just one lot.

Market analysts said profit-booking by speculators at prevailing levels led to fall in gold prices at futures trade here though metal's gain overseas restricted the fall.
 

Globally, gold advanced 0.5% to $ 1,245.36 an ounce in Singapore.

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First Published: Feb 10 2015 | 11:50 AM IST

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