1. Gold futures fall Rs 56 on weak global cues

Gold futures fall Rs 56 on weak global cues

Gold fell Rs 56 to Rs 30,568 per 10 grams in futures trade today as participants reduced their positions, largely in line with a weak trend overseas.

By: | New Delhi | Published: June 14, 2016 12:04 PM
Gold, Gold prices, Gold price today, gold price in India, gold rate, gold rate today At Multi Commodity Exchange, gold for delivery in far-month October was trading lower by Rs 56 or 0.18 per cent at Rs 30,568 per 10 grams in a business turnover of 30 lots. (Reuters)

Gold fell Rs 56 to Rs 30,568 per 10 grams in futures trade today as participants reduced their positions, largely in line with a weak trend overseas.

Moreover, profit-booking at existing level also weighed on gold futures.

At Multi Commodity Exchange, gold for delivery in far-month October was trading lower by Rs 56 or 0.18 per cent at Rs 30,568 per 10 grams in a business turnover of 30 lots.

Also, the metal for delivery in August shed Rs 54 or 0.18 per cent to Rs 30,345 per 10 grams in 1,324 lots.

Analysts said besides a weak trend in the overseas markets, profit-booking by speculators at current levels, weighed on the precious metal in futures trade here.

Globally, gold fell 0.23 per cent to $ 1,280.80 an ounce in Singapore.

  1. S
    sarah smith
    Jun 15, 2016 at 7:11 pm
    is the place to purchase precious metals!
    Reply

    Go to Top