Comments
Gold futures prices traded lower by Rs 29 to Rs 20,955 per 10 grams today as speculators booked profits at existing high levels.
Weakening trends in Asian region also influenced trading sentiments.
At the Multi Commodity Exchange, gold for delivery in April declined by Rs 29 or 0.14 per cent to Rs 20,955 per 10 grams, with a business turnover of four lots.
Likewise, the yellow metal for delivery in June traded low by the same margin to Rs 21,272 per 10 grams, with a trade volume of just one lot.
Analysts said profit taking by speculators on existing high levels and reports of weakening trends in the Asian region led to the decline in gold futures prices.
Meanwhile, gold fell by $3 to $1408.70 an ounce in Asia.
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.