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Yellow metal little changed on muted demand
05 Oct 2016
Gold futures were little changed during the afternoon trade in the domestic market on Wednesday as investors and speculators cut down their positions in the precious metal amid muted demand at the domestic market.

Further, trimming of positions by traders on diminishing demand at the domestic spot market dragged gold futures to trade lower.

At the MCX, gold futures for October 2016 contract is trading at Rs 29,964 per 10 grams, down by 0.09 per cent, after opening at Rs 30,036, against a previous close of Rs 29,991. It touched the intra-day low of Rs 29,950 (at 14:44 hours).

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