Gold futures fall on profit-booking, global cues 30 jan

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Gold prices were down at futures trade on Tuesday as speculators indulged in profit-booking at prevailing levels amid a weak trend overseas. Analysts attributed the fall in gold futures to profit-booking by participants at existing levels and a weak trend in global markets as the dollar strengthened and US bond yields rose, as traders awaited a US Federal Reserve policy meeting for any indications on interest rate hikes this year.

At the MCX, gold futures for February 2018 contract is trading at Rs 29983 per 10 grams, down by 0.26 per cent, after opening at Rs 29978, against a previous close of Rs 30060. It touched the intra-day low of Rs 29954 

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