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Gold futures fall 0.26% on profit-booking

Speculators booked profits at existing higher levels despite a firm global trend

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Press Trust of India New Delhi

Gold prices fell by Rs 83 to Rs 32,135 per 10 grams in futures trade today as speculators booked profits at existing higher levels even as the metal climbed in global markets.

At the Multi Commodity Exchange, gold for delivery in December fell by Rs 83, or 0.26%, to Rs 32,135 per 10 grams in a business turnover of 960 lots.

October gold lost Rs 68, or 0.21%, to Rs 31,845 per 10 grams in 5610 lots.

Market analysts attributed the fall in gold futures to profit-booking by speculators at existing higher levels despite a firming global trend.

Meanwhile, gold advanced 0.3% to $1,773.75 an ounce in Singapore.

 

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First Published: Sep 21 2012 | 12:28 PM IST

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