Gold prices fell by 0.45 per cent to Rs 30,007 per ten gram in futures trade today as participants trimmed their positions, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in October declined by Rs 137, or 0.45 per cent, to Rs 30,007 per ten gram in a business turnover of nine lots.
Similarly, the yellow metal for delivery in August contracts traded lower by Rs 119, or 0.40 per cent, to Rs 29,766 per ten gram in 213 lots.
Analysts said a weakening trend overseas as the dollar traded close to a one-year high, reducing investors' appetite in the precious metal, weighed on the gold prices in futures trade here.
Meanwhile, gold fell 0.23 per cent to USD 1,219.50 an ounce in Singapore.
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