Gold futures fell 0.10 per cent to Rs 30,787 per 10 gram on Wednesday as participants trimmed their bets owing to a weak global trend.
At the Multi Commodity Exchange, gold for delivery in October shed Rs 32, or 0.10 per cent, to Rs 30,787 per 10 gram in a business turnover of 78 lots. The metal for December delivery also fell by a similar margin to trade at Rs 31,093 per 10 gram in 49 lots.
Market analysts attributed the fall in gold prices to a weak trend overseas as investors awaited cues from the US Federal Reserve’s two-day meeting, where policy makers are expected to raise interest rates for the third time this year.
Meanwhile, gold traded at $1,201.60 an ounce in Singapore.
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