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Last Updated : May 10, 2019 01:02 PM IST | Source: PTI

Gold futures fall on profit-booking

Analysts attributed the fall in gold futures to profit-booking by participants at existing levels and a weak trend overseas.

Gold prices drifted 0.38 percent lower to Rs 31,795 per 10 gram in futures trade on May 10 as speculators booked profits at prevailing levels amid a weak trend overseas.

On the Multi Commodity Exchange, gold contracts for delivery in June fell by Rs 121, or 0.38 percent, to Rs 31,795 per 10 gram in a business turnover of 9,256 lots.

Analysts attributed the fall in gold futures to profit-booking by participants at existing levels and a weak trend overseas.

Globally, gold fell 0.02 per cent to USD 1,284.90 an ounce in New York.

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First Published on May 10, 2019 12:51 pm
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