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Gold fell 0.29 per cent to Rs 49,304 per 10 gram on Friday as individuals offloaded their holdings on low spot demand.
On the Multi Commodity Trade, gold costs for February supply declined by Rs 144, or 0.29 per cent, to Rs 49,304 per 10 gram in a enterprise turnover of 5,435 tons.
Within the worldwide market, gold was buying and selling 0.37 per cent decrease at USD 1,862.30 per ounce in New York.