Gold prices fell Rs 168 % to Rs 30,434 per 10 grams in futures trade today as participants cut their bets amid a weak global trend. At the Multi Commodity Exchange, gold prices for delivery in August fell by Rs 168 or 0.55 % to Rs 30,434 per 10 grams in a business turnover of 535 lots. 

Also, the metal for delivery in far-month October declined by Rs 112 or 0.36 percent to Rs 30,701 per 10 grams in 36 lots. Analysts attributed the fall in prices to weak trend overseas after gold tumbled as a poll showed a tilt in favour of Britain remaining in the European Union just days before a historic vote, hurting demand for haven investments. Globally, gold was trading 1.2 % lower at USD 1,283.23 an ounce in Singapore.

                            Trading Ideas     

1. Gold trading range for the day is 30165-30875.  

2.  Gold prices recovered from lows supported by a softer dollar and cautious interest rate comments by a voting U.S. Federal 

3. SPDR gold trust holdings gained by 0.59% i.e. 5.35 tonnes to 907.88 tonnes from 902.53 tonnes.  

    

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