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Last Updated : May 24, 2019 01:09 PM IST | Source: PTI

Gold futures slide 0.24% on weak cues

On the Multi Commodity Exchange, gold contracts for June delivery fell by Rs 77, or 0.24 percent, to Rs 31,590 per 10 gram in a business turnover of 6,022 lots.

Gold prices dipped by 0.24 percent to Rs 31,590 per 10 gram in futures trade Friday as speculators reduced exposure.

On the Multi Commodity Exchange, gold contracts for June delivery fell by Rs 77, or 0.24 percent, to Rs 31,590 per 10 gram in a business turnover of 6,022 lots.

Analysts said off-loading of positions by participants to book profits influenced gold prices at the futures trade.

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Moreover, a strong rupee against the US dollar further dented the price of the precious metal in domestic markets.

Globally, the yellow metal traded 0.20 percent lower at USD 1,288.40 an ounce in New York.

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First Published on May 24, 2019 01:05 pm
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