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Gold marginally down in futures trade on weak global cues

Press Trust of India  |  New Delhi 

Gold prices fell by Rs 7 to Rs 32,036 per 10 grams in futures trade Tuesday as participants trimmed their positions to book profits amid a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in February was trading lower by Rs 7, or 0.02 per cent, at Rs 32,036 per 10 grams in a business turnover of 615 lots.

Analysts said apart from the profit-booking at current

levels by speculators, a weakening trend overseas, as a firmer dollar made bullion more expensive for buyers using other currencies, weighed on the in futures trade.

Globally, gold fell 0.13 per cent to USD 1,278.90 an ounce in

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

First Published: Tue, January 22 2019. 11:40 IST
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