Gold futures slide on weak global cues

New Delhi: Gold prices fell 0.26 per cent to Rs 31,621 per 10 grams in futures trade on August 11 as participants cut down their bets amid a weak global trend.

At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 81 or 0.26 per cent to Rs 31,621 per 10 grams in a business turnover of 498 lots.

Also, the metal for delivery in October declined by Rs 76, or 0.24 per cent to Rs 31,317 per 10 grams in three lots.

Analysts attributed the fall in prices to weak trend overseas and profit-booking by speculators at prevailing levels.

Meanwhile, gold was trading 0.32 per cent down at USD 1,341.50 an ounce in Singapore.