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Gold futures fall on weak global cues

Mar 13, 2020, 12:59 IST

PTI

New Delhi, Mar 13 () Gold prices on Friday fell by Rs 353 to Rs 41,853 per 10 gram in futures trade as participants cut down their positions tracking a weak trend overseas.

On the Multi Commodity Exchange, gold prices for April delivery fell by Rs 353, or 0.84 per cent, to Rs 41,853 per 10 gram in a business turnover of 4,338 lots.

The yellow metal for June delivery declined by Rs 432, or 1.01 per cent, to Rs 42,391 per 10 gram in 996 lots.

Analysts said subdued overseas cues influenced sentiments here.

Globally, gold was trading 0.17 per cent lower at USD 1,587.60 per ounce in New York.

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