New Delhi: After Tuesday's partial recovery, gold futures prices on Wednesday fell by 0.89 percent to trade at Rs 25,536 per 10 grams after participants booked profits even as metal advanced for the second day in the global market.

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At the Multi Commodity Exchange, gold for delivery in June fell by Rs 230 to Rs 25,536 per 10 grams in a business turnover of 6,107 lots.

GOLD RATES IN DIFFERENT CITIES
CITY GOLD 995 GOLD 999
Mumbai Rs 25,930 Rs 26,090
Chennai Rs 26,350 Rs 27,730
Ahmedabad Rs 25,755 Rs 25,880
Delhi Rs 26,150 Rs 26,350

Similarly, the metal for delivery in far-month August was down by Rs 234, or 0.89 percent to Rs 25,952 per 10 grams in 259 lots.
    
Market analysts said after Tuesday's small recovery, participants preferred to book profits despite gold advanced for the second day in the global markets, weighed on the precious metal at futures trade.
    
Globally, gold gained 1.1 percent to USD 1,382.85 an ounce in Singapore on speculation that the biggest slump in three decades will spur increased purchases from investors and consumers.

(Agencies)

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