 "Gold futures down to Rs 31,305 per 10 g on profit booking, global cues")
Gold prices drifted lower by Rs 112 to Rs 31,305 per 10 gram in futures trade Friday as participants lightened their positions at prevailing levels amid a weak trend overseas.
In futures trade, gold for delivery in December was trading Rs 112 or 0.36 per cent down at Rs 31,305 per 10 gram on the Multi Commodity Exchange with a business turnover of 409 lots.
The metal for delivery in February next year, too, fell by Rs 112 or 0.35 per cent to Rs 31,533 per 10 gram in 22 lots.
Analysts said apart from profit-booking by speculators at existing levels, metal's fresh weakness in the overseas markets weighed on gold futures.
In the international market, gold lost 0.16 per cent to USD 1,199.40 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 →
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