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Gold futures slide on weak domestic demand
Gold prices fell 0.17 per cent to Rs 31,736 per 10 gram in futures trade on Friday as participants cut down their bets amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in February this year were trading lower by Rs 53, or 0.17 per cent, to Rs 31,736 per 10 gram in a business turnover of 14,109 lots.
Also, the metal for delivery in April declined by Rs 87, or 0.27 per cent, to Rs 31,793 per 10 gram in 3,795 lots.
Analysts attributed the fall in gold prices to trimming of positions by participants, taking weak cues from domestic market.
Meanwhile, gold was trading up by 0.19 per cent to USD 1,294.32 an ounce in Singapore Friday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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