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Gold futures down 0.43% on weak global cues

Profit-booking by speculators fuels downtrend

Gold futures down 0.43% on weak global cues
Press Trust of India New Delhi
Last Updated : Oct 16 2015 | 12:21 PM IST
Gold prices fell 0.43 per cent to Rs 27,360 per 10 grams in futures trade today, amid a weak trend overseas and profit-booking by speculators

At the Multi Commodity Exchange, gold for delivery in far-month February next year eased Rs 117, or 0.43 per cent, to Rs 27,360 per 10 grams, in a business turnover of 17 lots.

December gold shed Rs 109, or 0.40 per cent, to Rs 27,148 per 10 grams in 392 lots.

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Analysts said besides profit-booking by speculators, a weak trend in overseas markets, weighed on gold futures.

Globally, gold traded 0.45 per cent lower at $1,178.10 an ounce in Singapore today.

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First Published: Oct 16 2015 | 11:57 AM IST

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