Gold futures drop Rs 34, hurt by weak global trend
Gold futures traded lower by Rs 34 at Rs 29,130 per 10 grams today as speculators trimmed their positions amid a weakening global trend.
Gold for delivery in October dropped Rs 34 or 0.12 per cent to Rs 29,130 per 10 grams in a business turnover of 182 lots at the Multi Commodity Exchange.
The precious metal for delivery in far-month December too shed Re one at Rs 29,245 per 10 grams in 2 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas.
Meanwhile, gold prices fell 0.19 per cent to USD 1,287.80 an ounce in Singapore.
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 24 2017 | 10:48 AM IST