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Gold futures slip on profit-booking

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New Delhi:

Gold prices traded marginally lower by Rs 23 to Rs 28,060 per 10 grams in futures trade today as speculators booked profits driven by fall in demand at prevailing higher levels.

 

At the Multi Commodity Exchange, gold for delivery in February traded lower by Rs 23, or 0.08 per cent, to Rs 28,060 per 10 grams, with a business turnover of 554 lots.

 

Likewise, the metal for delivery in April lost Rs 5, or 0.02 per cent, to Rs 28,414 per 10 grams, with a business turnover of 7,565 lots.

 

Market analysts said besides profit-booking by speculators, sluggish demand at prevailing higher levels in the spot market mainly led to the decline in gold futures prices.

Story first published on: February 02, 2012 14:42 (IST)

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