Gold futures down 0.3% on weak global cues
Profit-booking by speculators also pulls down prices
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<a href="http://www.shutterstock.com/pic-70309495/stock-photo-background-with-gold-of-coins.html" target="_blank">Gold</a> image via Shutterstock
Gold prices fell 0.30% to Rs 27,581 per 10 grams in futures trade today amidst a weak trend overseas and profit-booking by speculators.
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 82, or 0.30%, to Rs 27,581 per 10 grams in a business turnover of 954 lots.
October gold shed Rs 83, or 0.30%, to Rs 27,680 per 10 grams in 31 lots.
Analysts said a weak trend in the overseas markets where gold retreated from a three-month high put pressure on the prices of the precious metal at futures trade here.
Globally, gold lost 0.30% to $1,322.96 an ounce in Singapore today.
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 82, or 0.30%, to Rs 27,581 per 10 grams in a business turnover of 954 lots.
October gold shed Rs 83, or 0.30%, to Rs 27,680 per 10 grams in 31 lots.
Analysts said a weak trend in the overseas markets where gold retreated from a three-month high put pressure on the prices of the precious metal at futures trade here.
Globally, gold lost 0.30% to $1,322.96 an ounce in Singapore today.
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First Published: Jul 03 2014 | 11:57 AM IST