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At Multi Commodity Exchange, gold for delivery in August was down Rs 81, or 0.26 per cent, to Rs 31,134 per 10 grams in a business turnover of 276 lots.
Similarly, the metal for delivery in far-month October was trading lower by Rs 55, or 0.17 per cent, to Rs 31,401 per 10 grams in 8 lots.
Analysts attributed the fall in prices to a weak trend overseas coupled with profit-booking by speculators.
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