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On the Multi Commodity Exchange, gold contracts for February delivery traded lower by Rs 791 or 1.03 per cent at Rs 75,862 per 10 grams in a business turnover of 1,441 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold futures increased by 0.93 per cent to USD 2,609.33 per ounce in New York.