Gold down 0.2% on weak global cues, profit-booking
Metal prices for delivery in August declined by 0.2%
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Gold futures prices today fell by 0.23% to Rs 26,834 per 10 grams as speculators offloaded their positions to book profits amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in far-month October fell Rs 61, or 0.23%, to Rs 26,834 per 10 grams in business turnover of seven lots.
Similarly, metal prices for delivery in August declined by Rs 55, or 0.20%, to Rs 26,776 per ten grams in 181 lots.
Market analysts said the fall in gold futures was mostly attributed to profit-booking by speculators and a weak trend overseas before the US Federal Reserve begins a two-day policy meeting today.
Meanwhile, gold prices fell 0.4% to $1,267.51 an ounce in Singapore.
At the Multi Commodity Exchange, gold prices for delivery in far-month October fell Rs 61, or 0.23%, to Rs 26,834 per 10 grams in business turnover of seven lots.
Similarly, metal prices for delivery in August declined by Rs 55, or 0.20%, to Rs 26,776 per ten grams in 181 lots.
Market analysts said the fall in gold futures was mostly attributed to profit-booking by speculators and a weak trend overseas before the US Federal Reserve begins a two-day policy meeting today.
Meanwhile, gold prices fell 0.4% to $1,267.51 an ounce in Singapore.
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First Published: Jun 17 2014 | 11:08 AM IST