Gold prices fell by Rs 395 to Rs 29,340 per 10 grams in futures trade today due to offloading of positions by participants at prevailing high levels amid weak global trends. Also Read - Gold Price Today Goes Up, Check Gold Rate in Mumbai, Delhi, Pune, Nagpur, Other Cities
At the Multi Commodity Exchange, gold for delivery in October lost Rs 395, or 1.33 per cent, at Rs 29,340 per 10 grams in a business turnover of 1,320 lots. Also Read - Gold Price Today, 11 April 2021: Gold Rates Witness Marginal Rise, But Still Down ₹9,808 From Record High
Similarly, the metal for delivery in December eased by Rs 395, or 1.32 per cent, to Rs 29,567 per 10 grams in a business volume of 64 lots. Also Read - Gold Price Today: Check Gold Rate in Mumbai, Delhi, Pune, Bangalore, Other Cities
Analysts attributed the fall in gold futures to cutting down of positions by traders at the existing level and the metal’s losses in global market in view of a stronger dollar.
Globally, gold was trading 0.09 per cent lower at USD 1,173.70 an ounce, its lowest in over 19 months in Singapore today.