Gold prices fell by Rs 7 to Rs 32,036 per 10 grams in futures trade Tuesday as participants trimmed their positions to book profits amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in February was trading lower by Rs 7, or 0.02 per cent, at Rs 32,036 per 10 grams in a business turnover of 615 lots.
Analysts said apart from the profit-booking at current
levels by speculators, a weakening trend overseas, as a firmer dollar made bullion more expensive for buyers using other currencies, weighed on the precious metal in futures trade.
Globally, gold fell 0.13 per cent to USD 1,278.90 an ounce in New York.
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