Gold drifts Rs 97 on Tuesday's trade as global cues hurt

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Gold prices drifted Rs 97 to Rs 25,455 per 10 grams in futures trade on Tuesday today, as participants lightened their positions, largely in step with a weak trend overseas. In futures trading, gold for delivery in far-month February 2016 contract was trading Rs 97, or 0.38 per cent down, at Rs 25,455 per 10 grams at Multi Commodity Exchange with a business turnover of 251 lots..

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    Gold drifts Rs 97 on Tuesday's trade as global cues hurt

    Gold prices drifted Rs 97 to Rs 25,455 per 10 grams in futures trade on Tuesday today, as participants lightened their positions, largely in step with a weak trend overseas. In futures trading, gold for delivery in far-month February 2016 contract was trading Rs 97, or 0.38 per cent down, at Rs 25,455 per 10 grams at Multi Commodity Exchange with a business turnover of 251 lots.

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    On Wednesday, Gold witnessed a modest rebound after overnight losses at the domestic bullion market due to renewed buying interest from jewellers and retailers amid firming overseas trend. Standard gold (99.5 purity) rose by Rs 105 to settle at Rs 25,455 per 10 grams from yesterday's closing level of Rs 25,350.
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