News Business Gold futures fall to Rs 27,641 on profit-booking, weak global cues

Gold futures fall to Rs 27,641 on profit-booking, weak global cues

New Delhi: Gold prices fell 0.1 per cent to Rs. 27,641 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators. On the Multi Commodity Exchange, gold for delivery

gold futures fall to rs 27 641 on profit booking weak global cues gold futures fall to rs 27 641 on profit booking weak global cues
New Delhi: Gold prices fell 0.1 per cent to Rs. 27,641 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators.
 
On the Multi Commodity Exchange, gold for delivery in August eased by Rs. 27 or 0.1 per cent to Rs. 27,641 per 10 grams in a business turnover of 287 lots.
 
Likewise, the metal for delivery in far-month October shed Rs. 24 or 0.09 per cent to Rs. 27,725 per 10 grams in 8 lots.
 
Analysts said besides a weak trend in the overseas markets on signs that a rally to a two-month high dampened the physical and investment demand, profit-booking by speculators also put pressure on gold prices at the futures trade here.
 
Globally, the yellow metal lost 0.4 per cent to $1,310.19 an ounce in Singapore today.
 

 

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