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Gold futures slide 0.46 pc on global cues, profit-booking

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Press Trust of India New Delhi

Gold prices went down by 0.46 per cent to Rs 31,453 per ten grams in futures trade today amid a weak global trend and profit-booking by speculators.

At the Multi Commodity Exchange, gold for delivery in June fell by Rs 145, or 0.46 per cent, to Rs 31,453 per ten grams in a business turnover of 189 lots.

On similar lines, the metal for delivery in August was trading lower by Rs 126, or 0.40 per cent, to Rs 31,632 per ten grams in one lot.

Analysts said, the fall in gold futures was mostly in tandem with a weak trend overseas as global political tensions eased.

 

Profit-booking by participants at existing levels also weighed on prices, they said.

Globally, gold prices fell 0.25 per cent to USD 1,341.90 an ounce in Singapore today.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Apr 20 2018 | 10:40 AM IST

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