New Delhi: Gold prices on Tuesday fell by Rs 231 to Rs 50,400 per 10 gram in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for October delivery traded lower by Rs 231 or 0.46 percent at Rs 50,400 per 10 gram in a business turnover of 9,786 lots. (Also Read: Public Provident Fund: Invest Rs 100 per day in PPF, get Rs 25 lakh at the time of retirement; Check details here)
Analysts attributed the fall in gold prices to the trimming of positions by participants. (Also Read: IT companies not onboarding even after 6 months of giving offer letters, youth trolls companies on social media)
Globally, gold was trading 0.38 percent lower at USD 1,734 per ounce in New York.