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

Gold futures fall 0.19% on weak global cues, profit-booking

Traders offload positions as metal loses shine in Singapore

Press Trust of India New Delhi
Last Updated : Jun 30 2014 | 12:29 PM IST
Gold futures fell by 0.19 per cent to Rs 27,620 per 10 grams today as speculators offloaded positions to book profits amid a weak global trend.

At the Multi Commodity Exchange, gold for delivery in August fell by Rs 52, or 0.19 per cent, to Rs 27,620 per 10 grams in a business turnover of 199 lots.

October gold declined by Rs 33, or 0.12 per cent, to Rs 27,717 per 10 grams in five lots.

Also Read

Market analysts said the fall in gold futures was mostly due to profit-booking by speculators and a weak trend overseas.

Meanwhile, gold prices fell to $1,315.51 an ounce in Singapore.

More From This Section

First Published: Jun 30 2014 | 11:58 AM IST

Next Story