Gold futures down by 0.2% on global cues

A weak trend in the overseas markets, put pressure on the gold prices

Press Trust of India New Delhi
Last Updated : Aug 01 2013 | 11:20 AM IST
Gold prices fell 0.21% to Rs 28,149 per 10 gm in futures trade today due to profit- booking by speculators amid a weak trend overseas.
 
At the Multi Commodity Exchange, gold for delivery in August eased by Rs 58, or 0.21%, to Rs 28,149 per 10 gm in business turnover of 148 lots.
 
Likewise, the metal for delivery in far-month October shed Rs 55, or 0.20%, to Rs 28,001 per 10 gm in 770 lots.
 

Also Read

Analysts said apart from profit-booking by speculators, a weak trend in the overseas markets, put pressure on the gold prices at futures trade here.
 
Globally, gold fell 0.20% to $1,322.06 an ounce in Singapore today. 
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 01 2013 | 11:19 AM IST

Next Story