Gold prices fell Rs 103 to Rs 29,560 per 10 ten grams at the futures trade today as participants indulged in profit-booking at prevailing levels even as the metal strengthened overseas.
At the Multi Commodity Exchange, gold for delivery in far-month February declined by Rs 103 or 0.35 per cent to Rs 29,560 per 10 grams in a business turnover of 100 lots. Similarly, the metal for delivery in December eased by Rs 88 or 0.30 per cent to Rs 29,415 per ten grams in 863 lots.
Analysts attributed the fall in gold futures to profit-booking by traders at existing levels but a firm trend in global market capped the fall. Globally, gold rose 0.34 per cent to $1,282.70 an ounce in Singapore.
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.