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Yellow metal slips amid stable geopolotical factors; buy on dips

India Gold February futures trade lower on January 07 a day after it hit a fresh record high. Amid lack of immediate escalation between the US & Iran, denting bullion’s safe haven appeal.

On the MCX, gold contracts for February were trading lower by rs 239, or 0.6 percent, at rs 40,233 per 10 gram at 0920 hours.

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