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Gold futures slide 0.18 pc on global cues

Press Trust of India  |  New Delhi 

Gold prices slipped by 0.18 per cent to Rs 30,473 per ten grams in futures market today as speculators reduced exposure, tracking a weak global trend.

At the Multi Commodity Exchange, gold for delivery in August fell by Rs 55, or 0.18 per cent, to Rs 30,473 per ten grams in a business turnover of 364 lots.

Likewise, the for delivery in October declined by Rs 52, or 0.17 per cent, to Rs 30,770 per ten grams in 7 lots.

Analysts said offloading of positions by participants in-line with a weak trend overseas, as the US dollar firmed amid an escalating trade spat between the and China, mainly influenced gold prices at futures trade here.

Globally, gold fell 0.36 per cent to USD 1,250.50 an ounce in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 11 2018. 10:50 IST