Gold Rate Today: Gold futures falls as participants cut positions

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The MCX Gold was trading at Rs 32953 per 10 grams, down by Rs 93 around 11 am.

Gold prices slipped in futures trade on Tuesday after participants cut positions amid a lacklustre global trend. 


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Dollar's gains against its peers restricted the ascent of gold in global markets. The dollar held steady on Tuesday, hovering close to its 2019 high as US-Sino trade tensions and global growth worries underpinned the greenback's safe-haven appeal, Reuters reported. 

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

The MCX Gold was trading at Rs 32953 per 10 grams, down by Rs 93 around 11 am 

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