Business Standard

Gold futures down by 0.2% on global cues

A weak trend in the overseas markets, put pressure on the gold prices

Press Trust of India New Delhi
Gold prices fell 0.21% to Rs 28,149 per 10 gm in futures trade today due to profit- booking by speculators amid a weak trend overseas.
 
At the Multi Commodity Exchange, gold for delivery in August eased by Rs 58, or 0.21%, to Rs 28,149 per 10 gm in business turnover of 148 lots.
 
Likewise, the metal for delivery in far-month October shed Rs 55, or 0.20%, to Rs 28,001 per 10 gm in 770 lots.
 
Analysts said apart from profit-booking by speculators, a weak trend in the overseas markets, put pressure on the gold prices at futures trade here.
 
 
Globally, gold fell 0.20% to $1,322.06 an ounce in Singapore today. 

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First Published: Aug 01 2013 | 11:19 AM IST

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