Gold & Silver

Gold futures decline to Rs 31,531 per 10 gm

PTI New Delhi | Updated on January 17, 2018 Published on July 14, 2016

Amid a weak global trend and profit-booking, gold futures fell Rs 232 to Rs 31,531 per 10 gm today as participants trimmed their positions.

At the MCX, gold for delivery in October was trading lower by Rs 232 or 0.73 per cent at Rs 31,531 per 10 gm in a business turnover of 206 lots.

On similar lines, the metal for delivery in August shed Rs 225 or 0.72 per cent to Rs 31,049 per 10 gm in 2,447 lots.

Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas as investors await stimulus from policy makers and profit-booking by speculators.

Meanwhile, gold prices in global market retreated as much as 0.4 per cent to $1,337.54 an ounce in Singapore today.

Published on July 14, 2016
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