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Sensex declined 88 points to close at 28,064.61, while Nifty fell 29.60 points or 0.34% to close at 8,642.55.
Snapping a three-day losing streak, gold prices firmed up by Rs 215 to Rs 28,850 per ten grams at the bullion market.
Gold fell 1 per cent from the previous day's three-week high on Wednesday as European stocks jumped after upbeat Chinese trade data allayed concerns over the outlook for its economy and as the dollar regained some poise.
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