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Gold futures edge lower on profit booking

Gold futures edged marginally lower on MCX on profit booking by investors. However, political tensions created in the US after the launch of a formal impeachment inquiry against US President Donald Trump by the US lawmakers capped downside to some extent.

The contract for October delivery was trading at Rs 38098.00, down by 0.03% or Rs 10.00 from its previous closing of Rs 38108.00. The open interest of the contract stood at 7395 lots.

The contract for December delivery was trading at Rs 38855.00, down by 0.05% or Rs 20.00 from its previous closing of Rs 38875.00. The open interest of the contract stood at 19210 lots on MCX.

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