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