NEW DELHI, July 31: Gold futures prices today fell 0.55 per cent to Rs 27,779 per 10 grams as speculators offloaded their positions amidst a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in August fell Rs 155, or 0.55 per cent, to Rs 27,779 per 10 grams in business turnover of 99 lots.
Similarly, metal prices for delivery in far-month October declined by Rs 112, or 0.40 per cent, to Rs 27,911 per ten grams in 102 lots.
Market analysts said the fall in gold futures was mostly attributed to trimming of positions by speculators as further signs that the US recovery is gaining momentum strengthened the case for higher borrowing costs in the world’s largest economy.
Meanwhile, gold prices fell 0.2 per cent to USD 1,294.24 an ounce in Singapore. (PTI)
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