10:03 am - Thursday November 5, 2015

Gold futures down 0.10% on weak global cues, profit-booking

133 Viewed Gautam Comments Off on Gold futures down 0.10% on weak global cues, profit-booking
Inside The Istanbul Gold Refinery As Gold Price Advances

NEW DELHI: Gold prices fell 0.10 per cent to Rs 27,641 per 10 grams in futures trade today amid a weak trend overseas and profit-booking by speculators.

At the Multi Commodity Exchange, gold for delivery in August eased by Rs 27, or 0.10 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 physical and investment demand, profit-booking by speculators put pressure on gold prices at futures trade here.

Globally, gold lost 0.40 per cent to $1,310.19 an ounce in Singapore today.

Click here to submit your review.


Submit your review
* Required Field

Don't miss the stories followIndiaVision News and Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
gold3

Five reasons why gold may plunge to below Rs 24,000 per 10 grams

gold

Gold futures down at Rs 27,667 per 10 gm

Related posts