NEW DELHI: Tracking weak global cues, the gold prices fell from record levels by losing Rs 68 to Rs 20,611 per ten gram, as speculators indulged in booking profits at existing higher levels.
Marketmen said gold rolled down from its record levels of Rs 20,924 set in the previous session, influenced by a weak trend in international markets.
The gold in overseas markets, which sets the price trend in futures as well as spot markets here, fell sharply after the dollar strengthened, erasing demand for the metal as an alternate investment.
On the Multi Commodity Exchange platform, gold for February-month contract lost Rs 68, or 0.33 per cent to Rs 20,611 per ten gram, with a trading volume of 6,965 lots.
The metal for June delivery declined by Rs 66, or 0.31 per cent to Rs 20,950 per ten gram, with an open interest of 75 lots and April contract dipped by Rs 64, or 0.31 per cent to Rs 20,801 per ten gram, with a business turnover of 245 lots.
