Gold futures slide 0.52 pc on weak global cues
Gold prices fell 0.52 per cent to Rs 31,765 per 10 gram in futures trade Wednesday as speculators reduced exposure, driven by a weak trend in overseas market.
On the Multi Commodity Exchange, gold for delivery in June eased by Rs 174, or 0.52 per cent, to Rs 31,765 per 10 gram in a business turnover of 12,119 lots.
Analysts said off-loading of positions by participants to book profits and a weak trend in global markets, mainly influenced gold prices at futures trade here.
Gold prices fell 0.31 per cent to USD 1,278.79 an ounce in New York.
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