Gold prices on Tuesday fell Rs 39 to Rs 38,190 per 10 gram in futures trade as speculators reduced their positions amid low demand.
On the Multi Commodity Exchange, gold contracts for December delivery traded lower by Rs 39, or 0.10 per cent, at Rs 38,190 per 10 gram in a business turnover of 1,863 lots.
Similarly, the metal for delivery in February was down by Rs 33 to Rs 38,212 per 10 gram in 266 lots.
Analysts attributed the fall in gold prices to trimming of positions by participants.
Globally, gold traded 0.02 per cent higher at USD 1,472.20 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