You are here: Home » PTI Stories » National » News
Business Standard

Gold futures fall 0.20 per cent

Press Trust of India  |  New Delhi 

Gold prices fell Rs 63 to Rs 31,112 per 10 grams in futures trade today as participants reduced their positions, largely in line with a weak trend overseas.

Profit-booking at existing levels also weighed on gold futures.

At the Multi Commodity Exchange, gold for delivery in June was trading lower by Rs 63, or 0.20 per cent, at Rs 31,112 per 10 grams in a business turnover of 471 lots.

Also, the for delivery in far-month 52, or 0.17 per cent, to Rs 31,370 per 10 grams in 54 lots.

Analysts said besides a weak trend overseas, profit-booking by speculators at current levels weighed on gold prices in futures trade here.

Globally, gold slid 1.73 per cent to USD 1,290.30 an ounce, its lowest level this year on surging US bond yields and a stronger dollar in yesterday.

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

First Published: Wed, May 16 2018. 11:05 IST