Business Market 08 Dec 2016 Gold futures decline ...

Gold futures decline Rs 59 on profit-booking

PTI
Published Dec 8, 2016, 11:46 am IST
Updated Dec 8, 2016, 11:46 am IST
Gold is trading at Rs 27,855 per 10 ten grams.
Globally, gold rose 0.4 per cent to USD 1,178.36 an ounce in Singapore.
 Globally, gold rose 0.4 per cent to USD 1,178.36 an ounce in Singapore.

New Delhi: Gold prices fell by Rs 59 to Rs 27,855 per 10 ten grams in futures trading today as participants indulged in profit-booking at prevailing levels even as the metal strengthened overseas.

At the Multi Commodity Exchange, gold for delivery in far-month April declined by Rs 59, or 0.21 per cent to Rs 27,855 per 10 grams in a business turnover of six lots.

 

Similarly, the metal for delivery in February eased by Rs 8 or 0.03 per cent to Rs 27,903 per ten grams in 361 lots.

Analysts attributed the fall in gold futures to profit-booking by traders at existing levels but a firm trend in global market, capped the fall.

Globally, gold rose 0.4 per cent to USD 1,178.36 an ounce in Singapore.  

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Location: India, Delhi, New Delhi




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