Gold futures drop to Rs 27,262

PTI | | Updated on: Dec 06, 2021

Amid a weak global trend, gold futures traded lower by Rs 186 at Rs 27,262 per 10 gm today as speculators trimmed their positions.

Gold for delivery in October dropped Rs 186 or 0.68 per cent to Rs 27,262 per 10 gm in a business turnover of 277 lots on the Multi Commodity Exchange.

In a similar fashion, the metal for delivery in far-month December was trading down Rs 187 or 0.68 per cent to Rs 27,667 per 10 gm in one lot.

Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas and profit-booking by speculators at prevailing levels.

Meanwhile, gold prices fell 0.47 per cent to $1,154.90 an ounce in New York yesterday.

Published on August 25, 2015
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