Business

Gold futures slide on weak global cues

New Delhi, Nov 5 (PTI) Gold prices fell 0.13 per cent to Rs 31,957 per 10 gam in futures trade on Monday as participants cut down their bets amid a weak global trend.

At the Multi Commodity Exchange, gold prices for delivery in February next year were trading lower by Rs 42, or 0.13 per cent, to Rs 31,957 per 10 gram in a business turnover of 63 lots.

Also, the metal for delivery in December declined by Rs 22, or 0.09 per cent, to Rs 31,723 per 10 gram in 309 lots.

Analysts attributed the fall in gold prices to trimming of positions by participants, taking weak cues form global market.

Meanwhile, gold fell 0.04 per cent to USD 1,232.70 an ounce in Singapore Monday.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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