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Gold futures slide 0.11 pc on profit-booking

Press Trust of India  |  New Delhi 

Gold prices softened by 0.11 per cent to Rs 31,220 per 10 grams in futures trade today as speculators trimmed their positions to book profits even as the precious strengthened overseas.

At the Multi Commodity Exchange, gold for delivery in far-month August declined by Rs 33, or 0.11 per cent to Rs 31,220 per 10 grams in business turnover of 29 lots.

Likewise, the for delivery in June contracts 26, or 0.08 per cent to Rs 30,971 per ten grams in 182 lots.

Market analysts said offloading of positions by participants to book profits mainly led to the decline in gold prices.

Globally, gold rose 0.07 per cent to USD 1,291.10 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, May 17 2018. 11:50 IST