Gold future prices fall 0.22% to on profit booking

PTI Posted online: Wednesday, Oct 23, 2013 at 0000 hrs
New Delhi : Gold futures prices today fell by 0.22 per cent to trade at Rs 29,765 per 10 gram after participants booked profits even as metal advanced in the global market.

At the Multi Commodity Exchange, gold for delivery in far-month February next year fell by Rs 66, or 0.22 per cent, to Rs 29,765 per 10 gram in a business turnover of five lots.

In a similar fashion, the metal for delivery in December was down by Rs 37, or 0.12 per cent, to Rs 30,084 per 10 gram in 138 lots.

Market analysts said after recent gains, participants preferring to book profits, despite gold being firm in the global markets, weighed on the precious metal in futures trade.

Gold October 23

Globally, gold gained 0.2 per cent to USD 1,342.34 an ounce in Singapore on speculation that the Federal Reserve may delay a reduction in stimulus until next year after US payrolls increased less than estimated.