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Gold futures on Tuesday fell by Rs 347 to Rs 51,224 per 10 grams as participants cut down their bets amid a weak global trend.
On the Multi Commodity Exchange, gold contracts for April delivery declined by Rs 347 or 0.67 per cent to Rs 51,224 per 10 grams in a business turnover of 4,786 lots.
Analysts attributed the fall in prices to trimming of positions by investors, tracking a weak trend in international market.
Globally, gold was trading 1.06 per cent lower at $1,924 per ounce in New York.
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