New Delhi, Feb 20 (PTI) Gold prices dropped 0.55 per cent to Rs 30,711 per 10 grams in futures trade today as speculators reduced exposure amid a weak trend overseas. Also Read - 'Another Phase of Greatest Witch Hunt', Says Donald Trump After US Senate Acquits Him in Historic Impeachment Trial
At the Multi Commodity Exchange, gold for delivery in in far-month June fell by Rs 170, or 0.55 per cent, to Rs 30,711 per ten grams in business turnover of 33 lots. Also Read - US Court Seeks Status Report On Visas To Family Members Of H1-B Holders
Likewise, the yellow metal for delivery in April declined by Rs 153, or 0.50 per cent, to Rs 30,589 per ten grams in 458 lots. Also Read - The Weeknd Performs Live At Super Bowl Halftime Show, Fans Share His Then-And-Now Photos
An analyst said the fall in gold futures was in tune with a weak trend overseas as the dollar rebounded from over three-year lows, while investors waited for the minutes of the latest Federal Reserve meeting for clues on the outlook for US interest rates.
Gold prices fell 0.39 per cent to USD 1,340.70 an ounce in Singapore today.
This is published unedited from the PTI feed.