Gold futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal on subdued demand. Meanwhile, caution prevailed as markets await the outcome of the looming French presidential election. At the MCX, gold futures for June 2017 contract is trading at Rs 29238 per 10 grams, down by 0.19 per cent, after opening at Rs 29273, against a previous close of Rs 29295. It touched the intra-day low of Rs 29223.

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