Gold & Silver

Gold futures drop to Rs 29,299 on weak global cues

PTI New Delhi | Updated on January 13, 2018 Published on February 20, 2017

Amid a weak global trend and profit-booking by speculators, gold futures traded lower by Rs 127 at Rs 29,299 per 10 gram today.

At the Multi Commodity Exchange, gold for delivery in far-month June was trading lower by Rs 127 or 0.43 per cent at Rs 29,299 per 10 gram in a business turnover of 7 lots.

On similar lines, the metal for delivery in April eased by Rs 110, or 0.37 per cent, to Rs 29,250 per 10 gram in 208 lots.

Analysts said the fall in gold futures was mostly in tandem with a weak trend overseas and profit-booking by speculators.

Globally, gold prices fell 0.04 per cent to $1,234.10 an ounce in Singapore.

Published on February 20, 2017
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