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Gold futures fall Rs 232 on weak global cues, profit-booking

Gold prices in global market retreated as much as 0.40% to $1,337.54 an ounce in Singapore today


Press Trust of India  |  New Delhi 

Gold bracelets are on display as a woman (L) makes choices at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata

Amid a weakening global trend and profit-booking, futures fell Rs 232 to Rs 31,531 per 10 gm today as participants trimmed their positions.

In futures trade, for delivery in October contracts was trading Rs 232 or 0.73% lower at Rs 31,531 per 10 gm in a business turnover of 206 lots at the Multi Commodity Exchange.

On similar lines, the metal for delivery in August shed Rs 225 or 0.72% to Rs 31,049 per 10 gm in 2,447 lots.

Market analysts said the fall in futures was mostly in tune with a weak trend overseas as investors await stimulus from policy makers and profit-booking by speculators.

Meanwhile, gold prices in global market retreated as much as 0.40% to $1,337.54 an ounce in Singapore today.

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First Published: Thu, July 14 2016. 12:33 IST