Gold down by 0.2% on weak global cues
Profit-booking by speculators amid a weak trend overseas affected prices
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Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.20% to Rs 26,815 per 10 grams in futures trade today.
At the Multi Commodity Exchange, gold for delivery in June eased by Rs 53, or 0.20%, to Rs 26,815 per 10 grams in a business turnover of 239 lots.
On similar lines, the metal for delivery in far-month August shed Rs 49, or 0.18%, to Rs 27,000 per 10 grams in four lots.
Analysts said besides profit-booking by speculators, a weak trend in overseas markets before monthly jobs data later this week that may provide clues on when the Federal Reserve will boost interest rates, weighed on gold futures here.
Globally, gold traded 0.1% lower at $1,187.04 an ounce in Singapore today.
At the Multi Commodity Exchange, gold for delivery in June eased by Rs 53, or 0.20%, to Rs 26,815 per 10 grams in a business turnover of 239 lots.
On similar lines, the metal for delivery in far-month August shed Rs 49, or 0.18%, to Rs 27,000 per 10 grams in four lots.
Analysts said besides profit-booking by speculators, a weak trend in overseas markets before monthly jobs data later this week that may provide clues on when the Federal Reserve will boost interest rates, weighed on gold futures here.
Globally, gold traded 0.1% lower at $1,187.04 an ounce in Singapore today.
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First Published: May 05 2015 | 11:22 AM IST