Gold futures decline by 0.23 per cent on profit-booking; global cues
22 Oct 2014 12:18 PM GMT
Gold prices slides down to Rs 27,491 per ten grams
Spot gold shoots up by 0.4 percent to $1,154.46 an ounce
New Delhi: Gold prices declined by 0.23 per cent to Rs 27,491 per ten grams in futures trading, as speculators booked profits at prevailing levels amid a weak global trend. At the Multi Commodity Exchange, gold for delivery in December declined by Rs 63, or 0.23 per cent, to Rs 27,498 per ten grams in a business turnover of 742 lots.
Similarly, the metal for delivery in far-month February next year traded lower by Rs 63, or 0.23 per cent, to Rs 27,683 per ten grams in six lots. Market analysts said profit-booking by speculators and a weakening trend overseas led to decline in gold prices at futures trade. Meanwhile, gold lost 0.14 per cent to USD 1,247.60 an ounce in Singapore.
( Source : PTI )
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