Gold prices down by Rs 40, or 0.14 per cent to Rs 27,654 per 10 gram
Gold prices down by Rs 40, or 0.14 per cent to Rs 27,654 per 10 gram (Representational Image)
New Delhi: Gold prices fell 0.14 per cent to Rs 27,654 per 10 gram in futures trade today amid a weak trend overseas and profit-booking as speculators indulged in trimming positions.
At the Multi Commodity Exchange gold for delivery in far-month August contracts eased by Rs 40, or 0.14 per cent, to Rs 27,634 per 10 gram in business turnover of 5 lots. Likewise, the metal for delivery in June contracts shed Rs 28, or 0.10 per cent, to Rs 27,406 per 10 gram in 266 lots.
Analysts said a weak trend in the overseas markets as speculation and profit-taking by speculators at improved levels put pressure on the gold prices at futures trade here. Globally, gold lost 0.16 per cent to trade USD 1,219.50 an ounce in Singapore on May 15.
( Source : PTI )
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