Business Standard

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
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.

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.

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

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