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Futures back in red
image for illustrative purpose
Gold futures declined by Rs468 to Rs71,502 per 10 grams in futures trade as speculato Rsreduced their positions. Silver futures plunged by Rs1,652 to Rs88,793 per kilogram as participants reduced their bets.
On Multi Commodity Exchange (MCX), gold contracts for August delivery traded lower Rs468 or 0.65 per cent at Rs71,502 per 10 grams in a business turnover of 14,896 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold was trading 1.01 per cent lower at $2,330.90 per ounce in New York.
