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Futures further slip as speculators trim positions
image for illustrative purpose
Gold futures marginally declined Rs69 to Rs72,334 per 10 grams as speculators reduced their positions. Silver futures fell Rs250 to Rs91,771 per kilogram as participants reduced their bets.
On Multi Commodity Exchange (MCX), gold contracts for August delivery traded marginally lower Rs69 or 0.1 per cent at Rs72,334 per 10 grams in a business turnover of 14,209 lots. Analysts attributed the fall in gold prices to weak global cues.
