Profit-taking, weak global cues pull gold futures down to Rs 31,453

PTI | | Updated on: Apr 20, 2018

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.

Published on April 20, 2018
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