Comments
Gold prices fell 0.83 per cent to Rs 30,931 per 10 grams at the futures trade due to a weak trend overseas and profit-booking by speculators.
At the Multi Commodity Exchange, gold for delivery in June declined by Rs 258 or 0.83 per cent to Rs 30,931 per 10 grams in a business turnover of 481 lots. Similarly, the yellow metal for delivery in August was down by Rs 257 or 0.82 per cent at Rs 31,215 per 10 grams in 197 lots.
Analysts said besides subdued global trend on easing geopolitical concerns, as the US President Donald Trump revived hopes for a summit with North Korean leader Kim Jong-un, after cancelling the meeting last week, led to the fall in gold prices at the futures trade.
Globally, gold fell 0.29 per cent to $1,297.40 an ounce in Singapore.
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.