Analysts said the fall in gold prices was mainly due to trimming of positions by participants.
PTI
@moneycontrolcom
Gold prices fell Rs 54 to Rs 38,840 per 10 grams in the futures trade on September 6 as speculators reduced positions amid weak trend overseas.
On the Multi Commodity Exchange, gold for delivery in most-traded October was trading lower by Rs 54, or 0.14 percent, to Rs 38,840 per 10 gram in a business turnover of 2,275 lots.
On the similar lines, the precious metal for delivery in December eased by Rs 94, or 0.24 percent, to Rs 39,323 per 10 gram in 501 lots.
Analysts said the fall in gold prices was mainly due to trimming of positions by participants. Besides, weak trend overseas influenced the sentiment, they added.
Globally, gold was trading lower by 0.10 per cent at USD 1,527.10 an ounce in New York.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 6, 2019 12:40 pm
