Gold prices moved down by 0.32 per cent to Rs 31,270 per 10 grams in futures trade today as participants trimmed their positions, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 99, or 0.32 pr cent, to Rs 31,270 per ten grams in business turnover of 30 lots.
Likewise, the yellow metal for delivery in June contracts was trading lower by Rs 92, or 0.30 per cent, at Rs 31,020 per ten grams in 223 lots.
Analysts said offloading of positions by speculators in line with a weak trend overseas where gold prices dipped slightly today, hovering not far off a 2018-low struck in the previous session as a firm dollar near five-month highs and optimism in global markets curbed appetite for the precious metal, influenced gold prices here at futures trade.
Globally, gold fell 0.22 per cent to USD 1,289.30 an ounce in Singapore.
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