Gold prices fell Rs 120 to Rs 48,664 per 10 gram in the futures trade on Thursday as speculators reduced their positions amid low demand.
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New Delhi:
Gold prices fell Rs 120 to Rs 48,664 per 10 gram in the futures trade on Thursday as speculators reduced their positions amid low demand.
On the Multi Commodity Exchange, gold contracts for the June delivery traded lower by Rs 120, or 0.25 per cent, to Rs 48,664 per 10 gram in a business turnover of 3,499 lots.
Analysts attributed the fall in gold prices to trimming of positions by participants.
Globally, gold traded 0.11 per cent lower at USD 1,901.80 an ounce in New York.
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