Gold futures down as speculators book profits, global cues

Aug 01 2013, 11:26 IST
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Gold futures down as speculators book profits, global cues Gold futures down as speculators book profits, global cues
SummaryMetal for delivery in far-month October shed Rs 55, or 0.20%, to Rs 28,001 per 10 gm in 770 lots.

Gold prices fell 0.21 per cent to Rs 28,149 per 10 gm in futures trade today due to profit- booking by speculators amid a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in August eased by Rs 58, or 0.21 per cent, to Rs 28,149 per 10 gm in business turnover of 148 lots.

Likewise, the metal for delivery in far-month October shed Rs 55, or 0.20 per cent, to Rs 28,001 per 10 gm in 770 lots. Analysts said apart from profit-booking by speculators, a weak trend in the overseas markets, put pressure on the gold prices at futures trade here. Globally, gold fell 0.20 per cent to USD 1,322.06 an ounce in Singapore today.

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