Gold futures prices today fell marginally by 0.10 per cent to Rs 28,795 per 10 grams as speculators offloaded their positions, taking weak cues from the Asian region.
Besides, profit-booking by speculators also put pressure on gold futures.
At the Multi-Commodity Exchange, gold prices for delivery in December fell by Rs 35, or 0.10 per cent, to Rs 28,795 per 10 grams in business turnover of 52 lots.
Similarly, metal prices for delivery in October declined by Rs 37, or 0.09 per cent, to Rs 28,845 per 10 grams in 1,372 lots.
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas on fears that recent rally may hurt physical demand amid profit-booking by speculators.
Globally, gold prices fell 0.03 per cent to trade at a USD 1,321.00 an ounce in Singapore.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.