Gold futures fall to Rs 31,110 on profit-taking, weak global cues

Updated - January 16, 2018 at 12:47 PM.

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.

Published on September 6, 2016 06:46