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BW Businessworld

Gold Futures Fall On Low Demand

Gold contracts for December traded lower by Rs 102, or 0.22 per cent, to Rs 47,105 per 10 gram in a business turnover of 5,003 lots.

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Gold prices fell Rs 102 to Rs 47,105 per 10 grams in the futures trade on Thursday, as speculators reduced their positions amid low demand.

On the Multi Commodity Exchange, gold contracts for December traded lower by Rs 102, or 0.22 per cent, to Rs 47,105 per 10 gram in a business turnover of 5,003 lots.

Analysts attributed the fall in gold prices to trimming of positions by participants.

Globally, however, gold traded 0.12 per cent higher to USD 1,795.70 an ounce in New York. 

(PTI)


Tags assigned to this article:
gold prices gold demand trends brent crude silver prices