Gold prices moved down by 0.32 per cent to Rs 31,270 per 10 grams in futures trade today as participants trimmed their positions, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 99, or 0.32 pr cent, to Rs 31,270 per ten grams in business turnover of 30 lots.
Likewise, the yellow metal for delivery in June contracts was trading lower by Rs 92, or 0.30 per cent, at Rs 31,020 per ten grams in 223 lots.
Analysts said offloading of positions by speculators in line with a weak trend overseas where gold prices dipped slightly today, hovering not far off a 2018-low struck in the previous session as a firm dollar near five-month highs and optimism in global markets curbed appetite for the precious metal, influenced gold prices here at futures trade.
Globally, gold fell 0.22 per cent to USD 1,289.30 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