Gold down by 0.1% on profit-booking

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Gold prices fell by marginally by 0.10% to Rs 26,754 per 10 grams in futures trade today after participants trimmed positions even as metal strengthened overseas.

At the Multi Commodity Exchange, gold for delivery in June eased by Rs 17, or 0.10%, to Rs 26,754 per 10 grams in a business turnover of 318 lots.

Likewise, the metal for delivery in far-month August shed Rs 17, or 0.06%, to Rs 26,908 per 10 grams in just four lots.

Market analysts said profit-booking by participants mainly kept pressure on the precious metal at futures trade here but a better trend in the overseas markets, capped the losses.

In Singapore gold prices gained 0.2%, to $1,209.65 an ounce.

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