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Gold futures down by 0.22% on weak global cues

Profit-booking by speculators put pressure on the gold prices at futures trade

Press Trust of India New Delhi
Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.22% to Rs 26,735 per 10 gm in futures trade today.
 
At the Multi Commodity Exchange, gold for delivery in October eased by Rs 59 or 0.22% to Rs 26,735 per 10 gm in business turnover of 84 lots.
 
Likewise, the metal for delivery in August shed Rs 51, or 0.19%, to Rs 26,626 per 10 gm in 2,202 lots.
 
Analysts said besides a weak trend in the overseas markets, profit-booking by speculators put pressure on the gold prices at futures trade here.

Globally, gold fell USD 3.70 to USD 1,281.90 an ounce in Singapore today. 
 

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First Published: Jul 12 2013 | 11:45 AM IST

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