Gold futures drop Rs 39 at Rs 29,134 on weak global cues
13 Feb 2017 11:24 AM IST13 Feb 2017 11:24 AM IST
Profit-booking by speculators alos helped gold prices to come down in futures trade.
Globally, gold rose by 0.12 per cent to USD 1,229.90 an ounce after the dollar fell to multi-month lows.
New Delhi: Amid a weakening global trend, gold futures traded Rs 39 down at Rs 29,134 per 10 grams today as speculators cut down their bets.
Gold for delivery in far-month April dropped by Rs 39 or 0.13 per cent to Rs 29,134 per 10 grams in a business turnover of 216 lots at the Multi Commodity Exchange.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas amid profit-booking by speculators. Meanwhile, gold prices fell by 0.33 per cent to USD 1,228.80 an ounce in Singapore today.
( Source : PTI )
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