Gold prices went down by 0.46 per cent to Rs 31,453 per ten grams at the futures trade owing to a weak global trend and profit-booking by speculators.
At the Multi Commodity Exchange, gold for delivery in June fell Rs 145 or 0.46 per cent to Rs 31,453 per ten grams in a business turnover of 189 lots. On similar lines, the metal for delivery in August was trading lower by Rs 126 or 0.40 per cent to Rs 31,632 per ten grams in one lot.
Analysts said the fall in gold futures was mostly in tandem with a weak trend overseas as global political tensions eased. Profit-booking by participants at existing levels also weighed on prices, they said.
Globally, gold prices fell 0.25 per cent to $1,341.90 an ounce in Singapore.
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.