Gold prices went down by 0.13 per cent to Rs 30,551 per ten grams in futures trading today as speculators trimmed positions tracking a weak global trend.
At the Multi Commodity Exchange, gold for delivery in October fell by Rs 40, or 0.13 per cent, to Rs 30,551 per ten grams in a business turnover of 20 lots.
Similarly, the yellow metal for delivery in August shed Rs 21, or 0.07 per cent, to Rs 30,268 per ten grams in 962 lots.
Analysts said offloading of positions by participants in-line with a weak trend overseas, as strength in the US dollar put pressure on the yellow metal, offsetting safe-haven demand amid mounting global trade tensions, mainly influenced gold prices at the futures trade.
Globally, gold fell 0.18 per cent to USD 1,239.30 an ounce in Singapore.
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