Gold prices continued to trade marginally lower by losing 0.46 per cent in futures trade today as traders continued to offload their holdings after report of weakening trend in global market.
Trading sentiment remained bearish after reports that gold fell for a fourth day in London as a stronger dollar curbed the metal’s appeal as an alternative investment.
On the Multi Commodity Exchange, gold for most-active October-month contract fell by 0.46 per cent to Rs 15,101 per ten grams, clocking a business volume of nine lots.
Similarly, metal for the far-month April contract lost 0.24 per cent to Rs 15,037 per ten grams with trading volume of 20,705 lots.
The current fall in gold prices mostly attributed on the back of weakening trend in global market, traders said.
They said reduced offtake in the spot market due to off-marriage and festival season was another weakening factors for the gold.
Meanwhile, gold lost $4.62 to $921.25 an ounce in London.
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