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Gold futures slide 0.22 pc on global cues

Press Trust of India  |  New Delhi 

Gold prices drifted lower by 0.22 per cent to Rs 30,242 per 10 grams in futures trade today as participants trimmed positions tracking a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in August fell by Rs 68, or 0.22 per cent, to Rs 30,242 per ten in a business turnover of 686 lots.

Likewise, the for delivery in October was trading lower by a similar margin to Rs 30,540 per ten grams in 123 lots.

Analysts said the fall in gold futures was mostly in tune with a weak trend overseas.

Meanwhile, gold fell 1.12 per cent to USD 1,241 an ounce in in yesterday's trade.

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

First Published: Thu, July 12 2018. 11:20 IST