Gold prices softened by 0.11 per cent to Rs 31,433 per 10 grams in futures trade today as participants trimmed positions tracking a weak trend overseas.
At Multi Commodity Exchange, gold for delivery in far-month August fell by Rs 35, or 0.11 per cent to Rs 31,433 per ten grams in business turnover of 15 lots.
Likewise, the yellow metal for delivery in June was trading lower by Rs 19, or 0.06 per cent to Rs 31,239 per ten grams in 363 lots.
Analysts attributed the slide in gold prices in futures trade to offloading of positions by participants amid a weak trend overseas.
Meanwhile, gold fell 0.18 per cent to USD 1,311.20 an ounce in Singapore.
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