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Gold futures weaken 0.15% on global cues

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Press Trust of India New Delhi
Last Updated : Jul 25 2019 | 1:25 PM IST

Gold prices fell by 0.15 per cent to Rs 34,976 per 10 gram in futures trade Thursday amid profit-booking by speculators on weak trend overseas.

On the Multi Commodity Exchange, gold for delivery in August contracts was trading down by Rs 51, or 0.15 per cent, to Rs 34,976 per 10 gram in a business turnover of 1,335 lots.

Similarly, the metal for delivery in October contracts shed Rs 4, or 0.01 per cent, to Rs 31,555 per 10 gram in 9,488 lots.

Analysts attributed the fall in prices in domestic markets to trimming of positions by participants.

Meanwhile, gold futures were trading lower by 0.01 per cent to USD 1,423.70 an ounce in New York.

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First Published: Jul 25 2019 | 1:25 PM IST

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