Gold prices weakened by 0.08 per cent to Rs 31,348 per ten grams in futures market today as speculators trimmed their positions, taking weak cues from global markets.
At the Multi Commodity Exchange, gold for delivery in June declined by Rs 24, or 0.08 per cent, to Rs 31,348 per ten grams in a business turnover of 1,378 lots.
Analysts said the fall in yellow metal prices in futures trade was mostly in tandem with a weak trend overseas as the dollar advanced towards more than three-month highs and on easing concerns over North Korea and a Sino-US trade war, but found some support from fallin equities.
Globally, gold fell 0.38 per cent to USD 1,324.70 an ounce in Singapore.
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