Gold prices fell by 0.21 per cent to Rs 31,356 per 10 grams in futures trade Thursday, in tune with a tepid trend overseas and profit-booking booking by speculators.
On Multi Commodity Exchange, gold for delivery in June contracts was down Rs 66, or 0.21 per cent, at Rs 31,356 per 10 grams in a business turnover of 6,525 lots.
Similarly, the metal for delivery in August contracts shed Rs 44, or 0.14 per cent, to Rs 31,555 per 10 grams in 9488 lots.
Analysts attributed the fall in prices in the domestic markets to trimming of positions by participants.
Globally, the precious metal prices remained muted on a weakening dollar following Sino-US trade tensions.
Meanwhile, gold futures were trading lower by 0.06 per cent to USD 1,273.40 an ounce in New York.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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