4:44 am - Sunday July 22, 2018

Gold falls 0.3% on weak global cues

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Gold futures fell 0.35% to Rs 28,269 per 10 grams today as speculators locked-in gains amid a weak global trend.

At the Multi Commodity Exchange, gold for delivery in October fell by Rs 84, or 0.35%, to Rs 28,269 per 10 grams in a business turnover of 18 lots.

On similar lines, the metal for delivery in August declined by Rs 68, or 0.24%, to Rs 28,288 per 10 grams in 464 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 $1,336.69 an ounce in Singapore from $1,338.70 on July 11.

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