The price of gold traded marginally lower by Rs 6 or 0.03% to Rs 18,863 per 10 gms in futures trade on Thursday on fresh selling by traders which were affected by a weakening global trend.
Some investors sold gold to lock in gains after it climbed to its record high and haven demand fell after Japan raised an estimate for growth. As a result, gold declined in Asia leading to a weakened trading sentiment. In addition, gold also fell 0.3% to $1,229.38 an ounce in the Asian region.
The fresh selling of traders in tandem with a weakening global trend affected the price of gold to trade slightly lower at futures trade according to marketmen.
Gold futures marginally down on lower global trend- Hindustan Times: