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Gold futures fall 0.43 pc on weak cues

Press Trust of India  |  New Delhi 

Taking weak cues from global markets, gold prices fell 0.43 per cent in futures trade Tuesday as speculators engaged in reducing their holdings.

In futures trading on the Multi Commodity Exchange, gold for delivery in June contracts was trading lower by Rs 140, or 0.43 per cent, to Rs 32,358 per 10 gram in a business turnover of 9,784 lots.

Similarly, the August contract of gold fell by Rs 162, or 0.5 per cent, to Rs 32,538 per 10 gram in a business volume of 8,002 lots.

Reports say the continuing trade dispute between the US and dented on investor sentiments.

Analysts said off-loading of positions by participants, tracking a weak trend overseas, led to the fall in gold prices at futures trade here.

Gold prices fell 0.28 per cent to USD 1,298.20 an ounce in

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

First Published: Tue, May 14 2019. 13:16 IST