Gold futures drop by Rs 96 on weak global cues
Speculators trim positions as metal loses 0.21% in Singapore
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Gold futures traded Rs 96 down at Rs 27,007 per 10 gm today as speculators reduced their positions, amid a weakening global trend.
Gold for delivery in far-month August contracts dropped by Rs 96 or 0.35 per cent to Rs 27,007 per 10 gm in a business turnover of one lot at the Multi Commodity Exchange.
June gold shed Rs 91 or 0.34 per cent to Rs 26,845 per 10 gm in 221 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas and profit-booking by speculators.
Meanwhile, gold prices fell by 0.21 per cent to $1,199.30 an ounce in Singapore today.
Gold for delivery in far-month August contracts dropped by Rs 96 or 0.35 per cent to Rs 27,007 per 10 gm in a business turnover of one lot at the Multi Commodity Exchange.
June gold shed Rs 91 or 0.34 per cent to Rs 26,845 per 10 gm in 221 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas and profit-booking by speculators.
Meanwhile, gold prices fell by 0.21 per cent to $1,199.30 an ounce in Singapore today.
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First Published: Apr 22 2015 | 10:57 AM IST