Analysts attributed the fall in gold prices to the trimming of positions by participants

Analysts attributed the fall in gold prices to the trimming of positions by participants

Gold prices on October 19 fell by ₹200 to ₹50,214 per 10 grams in futures trade as speculators reduced their positions.

On the Multi Commodity Exchange, gold contracts for December delivery traded lower by ₹200 or 0.4% at ₹50,214 per 10 grams in a business turnover of 13,732 lots.

Analysts attributed the fall in gold prices to the trimming of positions by participants.

Globally, gold was trading 0.49% lower at $1,647.70 per ounce in New York.



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By Dipak

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