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Gold prices fell further by 0.27 per cent to Rs 30,650 per ten grams at the futures market today as speculators trimmed positions in line with a weak trend overseas ahead of the minutes of the Federal Reserve’s last meeting.
On the Multi Commodity Exchange, gold for delivery in December fell Rs 82 or 0.27 per cent to Rs 30,650 per ten grams in a business turnover of 207 lots.
Similarly, the yellow metal for delivery in October traded lower by Rs 72 or 0.23 per cent at Rs 30,740 per ten grams in 3,389 lots.
Market analysts said the fall in gold futures was mostly attributed to a two-way movement in the global market before the US Federal Reserve releases minutes from its last meeting, which may provide clues on whether the pace of stimulus will be slowed amid signs of increasing bullion demand.
Meanwhile, gold in Singapore dropped 0.23 per cent to $1,367.90 an ounce.
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