Gold & Silver

Gold futures fall to Rs 30,621 on weak global cues, profit-booking

PTI New Delhi | Updated on February 23, 2018 Published on February 23, 2018

Gold futures traded lower by Rs 108 at Rs 30,621 per 10 grams due to a weak global trend and profit-booking by speculators.

Gold for delivery in June was trading lower by Rs 108 or 0.35 per cent at Rs 30,621 per 10 grams in a business turnover of six lots at the Multi Commodity Exchange. Similarly, the metal for delivery in April eased Rs 89 or 0.29 per cent to Rs 30,484 per 10 gram in 112 lots.

Analysts said the fall in gold futures was mostly in tandem with a weak trend overseas due to a strong dollar that reduced the appeal for precious metal as a safe haven investment. Globally, gold prices fell 0.37 per cent to $1,326.50 an ounce in Singapore.

Published on February 23, 2018
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