8:57 pm - Friday March 29, 2024

Gold futures down at Rs 27,667 per 10 gm

831 Viewed Gautam Comments Off on Gold futures down at Rs 27,667 per 10 gm

Gold prices fell 0.3 per cent to Rs 27,667 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 Rs 84 or 0.3 per cent to Rs 27,667 per 10 grams with a business volume of of 269 lots.

Likewise, the metal for delivery in October was down by Rs 67 or 0.24 per cent to Rs 27,770 per 10 grams in 7 lots.

Analysts said besides profit-booking by speculators, a weak trend in the overseas market as stronger equities reduced the metal’s safe-haven appeal, put pressure on gold prices at the futures trade here.

Globally, gold was trading lower at $1,316.66 an ounce in Singapore today from $1,319.18 yesterday.

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

Gold futures down at Rs 27,667 per 10 gm

Gold prices fall on subdued demand, global cues

Related posts