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Tokyo gold futures fell on Monday in line with Comex gold's decline and weak spot bullion prices in Asia.
The benchmark December 2004 gold contract on the Tokyo Commodity Exchange (TOCOM) settled down 26 yen per gram at 1,380 yen, the day's low after hitting a high of 1,397 yen.
Other months fell by 21-24 yen.
"There was downward pressure today from the fall in New York gold (on Friday), and we also had the weakness of spot bullion prices today," a Tokyo trader said.
Total gold turnover was estimated at healthy 123,354 lots, or about 123.4 tonnes, a rise from Friday's 87,750 lots.
In the spot market, bullion was fetching $406.00/75 an ounce at TOCOM's closing bell, compared with $407.80/408.55 last quoted in New York.
The dollar was fetching 106.10/13 yen, against 106.18/21 yen at about the same time on Friday.
Below are closing prices for TOCOM's most active precious metals contracts, with the day's turnover for each metal.

Copyright Reuters, 2004

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