Gold futures fall 0.19 pc on weak global cues, profit-booking

Written by PTI | New Delhi | Updated: Jun 30 2014, 17:15pm hrs
Gold futures fell by 0.19 per cent to Rs 27,620 per 10 grams today as speculators offloaded positions to book profits amid a weak global trend.

At the Multi Commodity Exchange, gold for delivery in August fell by Rs 52, or 0.19 per cent, to Rs 27,620 per 10 grams in a business turnover of 199 lots.

On similar lines, the metal for delivery in October declined by Rs 33, or 0.12 per cent, to Rs 27,717 per 10 grams in five lots.

Market analysts said the fall in gold futures was mostly due to profit-booking by speculators and a weak trend overseas.

Meanwhile, gold prices fell to USD 1,315.51 an ounce in Singapore.