Don’t miss the latest developments in business and finance.

Gold futures decline on profit-taking, global cues

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 6:21 AM IST

Gold prices declined by Rs 28 to Rs 20,323 per 10 grams in futures trade today as speculators indulged in booking-profits at prevailing higher levels amid a weak global trend.

At the Multi Commodity Exchange, gold for February contract declined by Rs 28, or 0.14 per cent to Rs 20,323 per 10 grams in single lot.

Similarly, the metal for delivery in February contract lost Rs 21, or 0.10 per cent to Rs 20,113 per 10 grams in business turnover of 6 lots. 

Traders said fresh off-loading by speculators amid a weak global trend mainly led to a decline in gold prices in the futures trade. 

Meanwhile, gold fell by $2.60 to $1,366.20 an ounce in Asian region.

More From This Section

First Published: Nov 15 2010 | 2:36 PM IST

Next Story