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Yellow metal slides on sluggish demand
29 Jun 2016
Gold futures were trading lower during the evening trade in the domestic market on Wednesday as investors turned their focus from safe-heaven assets to riskier assets which led to fall in demand.

The demand for gold declined tracking firmness in the global equity markets, weighed on gold futures.

At the MCX, gold futures for August 2016 contract is trading at Rs 31,308 per 10 gram, down by 0.02 per cent, after opening at Rs 31,350, against a previous close of Rs 31,315. It touched the intra-day low of Rs 31,253 (At 17:29 hours).

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