FLASH NEWS
EconoMix

Gold futures fall 0.34% on global cues

Wednesday, Aug 17, 2016,10:48 IST By metrovaartha A A A

New Delhi | Amid a weak global trend, gold prices drifted lower by 0.34 per cent to Rs 31,361 per 10 grams in futures trade Wednesday as participants trimmed their positions.

At the Multi Commodity Exchange, gold for delivery in October fell by Rs 106 or 0.34 per cent to Rs 31,361 per 10 grams in business turnover of 263 lots.

Similarly, the yellow metal for delivery in December contracts traded lower by Rs 92, or 0.29 per cent to Rs 31,662 per ten grams in 11 lots.

Analysts said the fall in gold futures was mostly in tune with a weak trend overseas.

Meanwhile, gold fell 0.15 per cent to USD 1,343.80 an ounce in Singapore.