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Gold futures fall amid weak global trend

Gold prices fell in futures trading on Thursday as speculators trimmed their positions, tracking the weak overseas trend.

Gold in global markets fell as the dollar NSE -0.36 % regained some ground against its peers and uncertainty over Brexit eased.

A strong dollar means gold price will depreciate as the commodity becomes dearer in other currencies, causing a fall in its demand.

Market experts said lowering of bets by participants, tracking cues from global markets, weighed on gold prices at futures trade here.

Around 11:20 am, the MCX Gold was trading at Rs 32,135 per 10 grams, down by Rs 72.

Silver also declined on fall in demand by industrial units and coin makers.

MCX Silver was trading Rs 126 lower at Rs 38,622 a kilo around that time.

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