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Futures Under Pressure Amid Weak Global Cues
Futures Under Pressure Amid Weak Global Cues
Gold futures declined Rs101 to Rs77,868 per 10 grams amid weak global cues. Silver prices plummeted Rs 546 to Rs 92,087 per kilogram as participants reduced their bets.
On Multi Commodity Exchange (MCX), gold contracts for February delivery traded lower by Rs101 or 0.13 per cent at Rs77,868 per 10 grams in a business turnover of 14,420 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold futures increased by 0.23 per cent to $2,686.79 per ounce in New York.