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Thursday, November 26, 2009

Indian gold futures edged lower on Friday

India gold futures edged lower on Friday, but still hovered near-their record highs, weighed by profit-taking after gaining 7 percent since last week, analysts said.

The most-traded gold contract on the Multi Commodity Exchange was 0.38 percent lower at 17,930 rupees per 10 grams at 10:49 a.m., after hitting a record high of 18,047 rupees in the previous session.

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