Gold futures fall on profit-booking, weak global cues

Traders book profits as 0.21% in Singapore has ripple effect in domestic bullion market

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Press Trust of India New Delhi
Last Updated : Apr 29 2015 | 1:01 PM IST
Gold prices fell by Rs 53 to Rs 27,326 per 10 gm in futures trade today largely in tandem with a weak trend overseas and profit-booking by speculators.

At the Multi Commodity Exchange, gold for delivery in August shed Rs 53 or 0.19 per cent to Rs 27,326 per ten gm in business turnover of 9 lots.

June gold shed Rs 33 or 0.12 per cent to Rs 27,157 in 392 lots.

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Analysts said the fall in yellow metal prices at futures trade was mostly in tune with a weak trend overseas and profit-booking by speculators at prevailing levels.

Meanwhile, gold declined by 0.21 per cent to $1,209.20 an ounce in Singapore.

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First Published: Apr 29 2015 | 12:28 PM IST

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