Comments
Gold prices fell 0.14 per cent to Rs 27,634 per 10 gram at the futures trade today amid a weak trend overseas and profit-booking as speculators indulged in trimming positions.
On the Multi Commodity Exchange, gold for delivery in far-month August eased by Rs 40 or 0.14 per cent to Rs 27,634 per 10 gram in a business turnover of 5 lots.
Likewise, the metal for delivery in June shed Rs 28 or 0.1 per cent to Rs 27,406 per 10 gram in 266 lots.
Analysts said a weak trend in overseas markets as speculation and profit-taking by speculators at improved levels put pressure on gold prices at the futures trade here.
Globally, gold lost 0.16 per cent to trade at $1,219.50 an ounce in Singapore today.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.