BT:Gold price falls 0.33 per cent in futures trade
Gold prices tracked a weak global trend on Tuesday, falling 0.33 per cent to Rs 31,061 per 10 grams in futures market as speculators off-loaded their positions.
Market analysts said the fall in gold futures was mostly attributed to a weakening trend in the global market as investors awaited minutes from the US central bank's July policy meeting for clues on when it will begin scaling back its commodities-friendly stimulus steps.
Gold in Singapore dropped 0.28 per cent to 1,361.80 dollar an ounce.
However, analysts said a falling rupee, which made imports costlier, limited the fall.
At the Multi Commodity Exchange, gold for delivery in October month fell by Rs 104, or 0.33 per cent, to Rs 31,061 per ten grams in business turnover of 788 lots.
Similarly, the yellow metal for delivery in far-month December contracts lost Rs 51, or 0.16 per cent, to Rs 30,930 per ten grams in 89 lots.
