Gold futures fall 0.20 per cent on weak global cues

Gold is trading at Rs 29,324 per ten gram in futures trading as participants trimmed their positions.

Update: 2017-10-31 05:54 GMT

The physical gold market remained quiet in most Asian centres this week despite a drop in prices with India witnessing a lull in fresh purchases as key festival season demand cooled off in the world's second biggest consumer.

New Delhi: Gold prices fell by 0.20 per cent to Rs 29,324 per ten gram in futures trading on Tuesday as participants trimmed their positions, tracking a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month December declined by Rs 60, or 0.20 per cent to Rs 29,324 per ten gram in a business turnover of 221 lots.

Analysts said offloading of positions by participants, triggered by a weak trend overseas, weighed on the gold prices in futures trade here.

Meanwhile, gold fell 0.10 per cent to USD 1,274.70 an ounce in Singapore on Tuesday.

Gold futures fall 0.20 per cent on weak global cues

Gold is trading at Rs 29,324 per ten gram in futures trading as participants trimmed their positions.

Similar News