New Delhi, May 16 : Gold prices dipped by 0.02 percent to Rs 32,251 per 10 gram in futures trade on May 16 as speculators reduced exposure, driven by subdued demand at the spot market.
On the Multi Commodity Exchange, gold for delivery in June contracts fell by Rs 8, or 0.02 percent, to Rs 32,251 per 10 gram in a business turnover of 9,091 lots.
Analysts said off-loading of positions by participants to book profits and a weak trend in the domestic markets, mainly influenced gold prices at futures trade here. Globally, however, the prices of the precious metal recovered marginally 0.11 percent to USD 1,298.20 an ounce in New York.
