Business Standard

Gold futures fall on weak global cues, profit-booking

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Press Trust of India New Delhi

Gold futures traded lower by Rs 142 at Rs 30,890 per 10 grams today amid a weakening global trend and profit-booking by speculators.

Gold for delivery in June was trading lower by Rs 142, or 0.46 per cent, at Rs 30,890 per 10 grams, in a business turnover of 382 lots at the Multi Commodity Exchange.

On similar lines, the metal for delivery in April eased by Rs 116, or 0.38 per cent, to Rs 30,815 per 10 gram in 11 lots.

Analysts said the fall in gold futures was mostly in tandem with a weak trend overseas and profit-booking by participants at existing levels.

 

Globally, gold prices fell 0.22 per cent to USD 1,337.80 an ounce in Singapore today.

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First Published: Apr 03 2018 | 10:35 AM IST

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