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Gold
has come down on Monday after registering it strongest weekly rise in four
years as stock markets bounced back. Gold peaked at $1260.60 on Thursday which
is the metal's highest gain since February 6, 2015.
Gold futures today fell Rs 241 to Rs
28,449 per 10 grams as participants indulged in cutting their bets amid a weak
global trend.
Besides, continued profit-booking by speculators at prevailing levels also weighed on gold prices.
At the Multi Commodity Exchange, gold prices for delivery in April contracts plunged Rs 241 or 0.84% to Rs 28,449 per 10 grams in business turnover of 267 lots.
Besides, continued profit-booking by speculators at prevailing levels also weighed on gold prices.
At the Multi Commodity Exchange, gold prices for delivery in April contracts plunged Rs 241 or 0.84% to Rs 28,449 per 10 grams in business turnover of 267 lots.
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