Gold Dips Amid Weak Overseas Cues

Gold futures closed lower in the domestic market on Monday as participants locked in gains amid a weak trend overseas.

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Gold Dips Amid Weak Overseas Cues
Analysts said offloading of positions by traders to book profits at current levels and a weak trend in the overseas markets mainly influenced gold prices at the futures trade.

At the MCX, Gold futures for August 2016 contract closed at Rs 31,545, per 10 gram, down by 0.01 per cent after opening at Rs 31,358, against the previous closing price of Rs 31,549. It touched the intra-day low of Rs 31,358.

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Story first published: Tuesday, August 2, 2016, 12:40 [IST]
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