Gold & Silver

Profit-booking, weak global cues pull gold futures down to Rs 28,591

PTI New Delhi | Updated on January 15, 2018 Published on March 31, 2017

Gold futures traded lower by Rs 72 at Rs 28,591 per 10 gram due to a weak global trend and profit-booking by speculators.

Gold for delivery in June was trading lower by Rs 72 or 0.25 per cent at Rs 28,591 per 10 gram in a business turnover of 180 lots at the Multi Commodity Exchange.

On similar lines, the metal for delivery in April eased Rs 61 or 0.21 per cent to Rs 28,481 per 10 gram in 180 lots.

Analysts said the fall in gold futures was due to cutting down of positions by speculators in tandem with a weak trend overseas.

Globally, gold prices fell 0.10 per cent to $1,241.20 an ounce in Singapore.

Published on March 31, 2017
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