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Gold futures fell Rs198 to Rs59,875 per 10 grams as speculators reduced their positions. Silver futures climbed Rs26 to Rs71,921 per kilogram as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange (MCX), gold contracts for December delivery traded lower by Rs198 or 0.33 per cent at Rs59,875 per 10 grams in a business turnover of 14,358 lots.
Analysts attributed the fall in gold prices to the trimming of positions by participants. Globally, gold was trading 0.49 per cent lower at $1,958.60 per ounce in New York.
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