 "Gold down by 0.8% in futures trade on weak global cues")
Gold prices drifted Rs 245 to Rs 31,303 per 10 gram in futures trade today as participants lightened their positions, largely in tandem with a weak trend overseas.
In futures trading, gold for delivery in August was trading Rs 245 or 0.78% down at Rs 31,303 per 10 gram at the Multi Commodity Exchange with a business turnover of 1,490 lots.
The metal for delivery in October plunged by Rs 228 or 0.72% to Rs 31,638 per 10 gram in 49 lots.
Globally, gold lost 0.6% to $1,316.320 an ounce in Singapore.
In futures trading, gold for delivery in August was trading Rs 245 or 0.78% down at Rs 31,303 per 10 gram at the Multi Commodity Exchange with a business turnover of 1,490 lots.
The metal for delivery in October plunged by Rs 228 or 0.72% to Rs 31,638 per 10 gram in 49 lots.
Also Read
Analysts said a weak trend in the overseas markets where gold dropped after posting the biggest two-day gain in more than seven years following the UK's vote to exit from the European Union and profit-booking by speculators, weighed on gold futures.
Globally, gold lost 0.6% to $1,316.320 an ounce in Singapore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%