Gold futures fall Rs 56 on weak global cues
Metal for delivery in August shed Rs 54 or 0.18%
 "Gold futures fall Rs 56 on weak global cues")
Gold fell Rs 56 to Rs 30,568 per 10 grams in futures trade today as participants reduced their positions, largely in line with a weak trend overseas.
Moreover, profit-booking at existing level also weighed on gold futures.
At Multi Commodity Exchange, gold for delivery in far-month October was trading lower by Rs 56 or 0.18% at Rs 30,568 per 10 grams in a business turnover of 30 lots.
Analysts said besides a weak trend in the overseas markets, profit-booking by speculators at current levels, weighed on the precious metal in futures trade here.
Globally, gold fell 0.23% to $1,280.80 an ounce in Singapore.
Moreover, profit-booking at existing level also weighed on gold futures.
At Multi Commodity Exchange, gold for delivery in far-month October was trading lower by Rs 56 or 0.18% at Rs 30,568 per 10 grams in a business turnover of 30 lots.
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Also, the metal for delivery in August shed Rs 54 or 0.18% to Rs 30,345 per 10 grams in 1,324 lots.
Analysts said besides a weak trend in the overseas markets, profit-booking by speculators at current levels, weighed on the precious metal in futures trade here.
Globally, gold fell 0.23% to $1,280.80 an ounce in Singapore.