Gold prices dipped by 0.24 per cent to Rs 31,590 per 10 gram in futures trade on Friday as speculators reduced exposure.
New Delhi, May 24
Gold prices dipped by 0.24 per cent to Rs 31,590 per 10 gram in futures trade on Friday as speculators reduced exposure.
On the Multi Commodity Exchange, gold contracts for June delivery fell by Rs 77, or 0.24 per cent, to Rs 31,590 per 10 gram in a business turnover of 6,022 lots.
Analysts said off-loading of positions by participants to book profits influenced gold prices at the futures trade.
Moreover, a strong rupee against the US dollar further dented the price of the precious metal in domestic markets.
Globally, the yellow metal traded 0.20 per cent lower at USD 1,288.40 an ounce in New York. — PTI
Most Read In 24 Hours
Don't Miss
View All
Top News
Indian envoy in Canada warns of 'big red line' on anti-India activities of Sikh separatist groups
He said relations between India and Canada are positive over...
3 Indians accused of Hardeep Nijjar's killing appear before Canadian court amid pro-Khalistani slogans
Nijjar was shot and killed after he stepped out of a gurdwar...
CBI arrests 4 men for trafficking Indians to Russia-Ukraine war zone
These traffickers have been operating as an organised networ...
Punjab: BSP candidate from Hoshiarpur Lok Sabha seat Rakesh Suman joins AAP
The Hoshiarpur seat is currently represented by Union Minist...
Air India Express cabin crew go on 'mass sick' leave, 80 flights cancelled
Sources said the senior employees, including the cabin crew,...
