Business Market 07 Jun 2017 Gold futures slide 0 ...

Gold futures slide 0.28 per cent on weak global cues, profit-booking

PTI
Published Jun 7, 2017, 10:59 am IST
Updated Jun 7, 2017, 11:03 am IST
According to experts, a weakening global trend and profit-booking by speculators led to the fall of gold prices in futures trade.
Representative Image.
 Representative Image.

New Delhi: Amid a weakening global trend and profit-booking by speculators, gold prices fell by 0.28 per cent to Rs 29,485 per 10 grams in futures trade today.

At the Multi Commodity Exchange, gold for delivery in August declined by Rs 82, or 0.28 per cent, to Rs 29,485 per 10 grams, in a business turnover of 600 lots. Similarly, the yellow metal for delivery in October moved down by Rs 54, or 0.18 per cent, to Rs 29,639 per 10 grams in two lots.

 

Market analysts said besides subdued global trend, profit-booking by participants at prevailing levels, mainly led to the fall in gold prices at futures trade. Globally, gold fell 0.22 per cent to USD 1,290.70 an ounce in Singapore.

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