Comments
Gold prices fell by 0.31 per cent to Rs 22,185 per 10 gram at the futures trade today amid profit-booking by speculators and a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in August declined by Rs 69 or 0.31 per cent to Rs 22,185 per 10 grams with a business turnover of two lots.
Similarly, the yellow metal for delivery in June shed Rs 63 or 0.29 per cent to Rs 21,898 per 10 grams with a business volume of a single lot. It had gained 0.2 per cent to Rs 21,961 per 10 grams in the previous session.
Gold for delivery in December also fell by Rs 65 or 0.28 per cent to Rs 22,891 per 10 gram with a trade volume of two lots.
Analysts said besides profit-booking by speculators, a weakening trend overseas due to a stronger dollar, reduced the appeal of precious metals as an alternative investment.
In the Asian region, gold shed $6 to $1,489.20 an ounce.
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.