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Gold futures drop Rs 57 on weak global cues, profit-booking

Press Trust of India  |  New Delhi 

Gold prices declined by Rs 57 to Rs 28,910 per 10 grams in futures trade today due to profit- booking by speculators amid a weak global trend.

Gold for delivery in far-month February fell Rs 57, or 0.20 per cent, to Rs 28,910 per 10 grams, in a business turnover of 178 lots at the Multi Commodity Exchange.

Analysts said the fall in gold futures was in tune with a weak trend in precious metals overseas.

Gold prices fell 0.02 per cent to USD 1,262.50 an ounce in today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 07 2017. 10:40 IST