Gold prices slip in futures trade, fall Rs 199 on global cues

Friday, Jun 17, 2016,11:24 IST By metrovaartha A A A

New Delhi | Gold prices fell Rs 199 to Rs 30,690 per 10 gram in futures trade today amid a weak global trend.

At Multi Commodity Exchange, gold delivery in far-month October dropped by Rs 199 or 0.64 per cent to Rs 30,690 per 10 gram in a business turnover of 52 lots. The metal for delivery in August was trading at Rs 196 or 0.64 per cent down at Rs 30,411 per ten gram in business volume of 982 lots. Analysts attributed the fall in gold futures to a weak global trend where it retreated from the highest in almost two years as traders pared bets on the outcome of next weeks UK vote on membership in the European Union, reducing demand for the metal as a haven.

In the international market, gold fell USD 13.50 or 1.05 per cent to USD 1,278 an ounce in New York yesterday.