Gold prices weakened by 0.32% to Rs 31,250 per 10 grams in futures trade today as speculators offloaded their positions, tracking a weak spot market trend on sluggish demand even as the metal strengthened overseas.
At the Multi Commodity Exchange, gold for delivery in October fell by Rs 99, or 0.32%, to Rs 31,250 per 10 grams, with a business turnover of 7,522 lots.
December gold lost Rs 86, or 0.27% to Rs 31,611 per 10 grams, with an open interest of 4,043 lots.
Marketmen attributed the weakness in gold futures to sluggish demand at prevailing higher levels in the spot market but overseas trend capped losses.
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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