Gold futures down on weak global cues, profit-booking
Weak trend in the overseas markets as investors holdings shrank amid profit-booking by speculators, put pressure on the gold prices at futures trade here
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Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.24% to Rs 27,087 per 10 grams in futures trade today.
At the Multi Commodity Exchange, the June contract eased by Rs 164, or 0.24%, to Rs 27,087 per 10 gm in business turnover of 777 lots.
The August contract shed Rs 39, or 0.14%, to Rs 27,499 per 10 gm in 26 lots.
Analysts said a weak trend in the overseas markets as investors holdings shrank amid profit-booking by speculators, put pressure on the gold prices at futures trade here.
Globally, gold fell 0.50% to $1,469.05 an ounce in Singapore today.
At the Multi Commodity Exchange, the June contract eased by Rs 164, or 0.24%, to Rs 27,087 per 10 gm in business turnover of 777 lots.
The August contract shed Rs 39, or 0.14%, to Rs 27,499 per 10 gm in 26 lots.
Analysts said a weak trend in the overseas markets as investors holdings shrank amid profit-booking by speculators, put pressure on the gold prices at futures trade here.
Globally, gold fell 0.50% to $1,469.05 an ounce in Singapore today.
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First Published: Apr 30 2013 | 12:37 PM IST