Gold futures slide on profit-booking, global cues

Image
Press Trust of India New Delhi
Last Updated : Jun 21 2018 | 11:15 AM IST

Gold futures fell by 0.30 per cent to Rs 31,015 per 10 grams today as participants booked profits amid a weak global trend.

At the Multi Commodity Exchange, gold for delivery in far-month October fell by Rs 93, or 0.30 per cent, to Rs 31,015 per 10 grams in a business turnover of 24 lots.

On similar lines, the metal for delivery in August declined by Rs 78, or 0.25 per cent, to Rs 30,703 per 10 grams in 433 lots.

Market analysts attributed the fall in prices to profit- booking by participants and a weak trend in the global market.

Gold traded 0.17 per cent down at USD 1,265.66 an ounce in Singapore.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Jun 21 2018 | 11:15 AM IST

Next Story