Gold is trading at Rs 30,154 per 10 gram as traders trimmed their bets amid weak global cues.
The quantity of gold smuggled was higher earlier, but the gants were playing safe and bringing gold in lesser quantities. (Representational image)
New Delhi: Gold prices softened by 0.11 per cent to Rs 30,154 per 10 gram in futures trading as traders trimmed their bets amid weak global cues.
At Multi Commodity Exchange, gold for delivery in October declined by Rs 34, or 0.11 per cent, to Rs 30,154 per ten gram in a business turnover of 7,984 lots.
The metal for delivery in December was trading lower by Rs 28, or 0.09 per cent, to Rs 30,368 per ten gram in 1 lot.
Analysts said cutting down of positions by participants, tracking a weak trend in global markets amid a firmer dollar overseas, weighed on gold prices in futures trade here.
Meanwhile, gold fell 0.24 per cent to USD 1,203.40 an ounce in Singapore.
( Source : PTI )
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