Gold prices fell Rs 34 to Rs 31,110 per 10 gram at the futures trade today as participants indulged in profit-booking at prevailing levels amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in December shed Rs 34 or 0.11 per cent to Rs 31,110 per 10 gram in a business turnover of just one lot.
Similarly, the metal for delivery in October eased by Rs 28 or 0.09 per cent to Rs 30,957 per 10 gram in 268 lots.
Analysts attributed the fall in gold futures to profit-booking by traders at existing levels and weakness in the precious metals in global market.
Globally, gold was trading a shade lower at $1,326.60 an ounce in Singapore today.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.