Gold futures loses sheen; prices below 31,000

Gold, silver futures came under pressure tracking overseas trend ahead of U.S Federal Reserve meet today.
International gold price was seen trading at US$ 1,719 an ounce. However, investors prefered to remain on the sidelines ahead of two-day U.S Federal Reserve meet.
Ahmedabad Spot gold on MCX was seen at Rs 30,869 per 10 grams. Decline in prices may augur well for those who want to purchase jewellery during the festive season.
Silver futures for December contract was seen trading lower by Rs 249 at Rs 59,365 per kg. Silver futures also fell tracking weak overseas trend.
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