Monday, 8 October 2012

Gold futures decline on global cues


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Gold futures decline on global cues

Tracking a weak global trend, gold prices declined by Rs 44 to Rs 31,470 per 10 grams in futures trade today as speculators trimmed positions. Sentiment turned bearish after gold dropped to a one-week low in global markets as commodities fell on speculation that the euro-zone debt crisis will continue to damp demand for raw materials.

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