Gold & Silver

Profit-booking pulls gold futures down to Rs 27,855

PTI New Delhi | Updated on January 16, 2018 Published on December 08, 2016

Gold prices fell Rs 59 to Rs 27,855 per 10 ten grams at the futures trade today as participants indulged in profit-booking at prevailing levels even as the metal strengthened overseas.

At the Multi Commodity Exchange, gold for delivery in far-month April declined by Rs 59, or 0.21 per cent to Rs 27,855 per 10 grams in a business turnover of six lots.

Similarly, the metal for delivery in February eased by Rs 8 or 0.03 per cent to Rs 27,903 per ten grams in 361 lots.

Analysts attributed the fall in gold futures to profit-booking by traders at existing levels but a firm trend in global market capped the fall.

Globally, gold rose 0.4 per cent to $1,178.36 an ounce in Singapore.

Published on December 08, 2016
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