Gold futures prices fall on global cues, profit-booking
PTI: New Delhi, Jan 24 2013, 12:33 IST
Gold futures prices today fell by Rs 61 to Rs 30,630 per 10 grams as speculators offloaded their positions at prevailing levels amid a weak global trend.
At the Multi Commodity Exchange, gold for delivery in February fell by Rs 61, or 0.20 per cent to Rs 30,630 per 10 grams in a business turnover of 3,464 lots.
Similarly, the metal for delivery in April by Rs 59, or 0.19 per cent, to Rs 31,216 per 10 grams in 1,010 lots.
Market analysts attributed the fall in gold futures prices to a weak trend overseas after the International Monetary Fund said global growth will accelerate this year, curbing demand for the precious metal.
Meanwhile, gold retreated 0.20 per cent to USD 1,683.80 an ounce in Singapore in early trade today.
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