Gold futures fell 0.19 per cent to Rs 27,620 per 10 grams today as speculators offloaded positions to book profit amid a weak global trend.
On the Multi Commodity Exchange, gold for delivery in August fell Rs 52 or 0.19 per cent to Rs 27,620 per 10 grams in a business turnover of 199 lots.
On similar lines, the metal for delivery in October declined Rs 33 or 0.12 per cent to Rs 27,717 per 10 grams in five lots.
Market analysts said the fall in gold futures was mostly due to profit-booking by speculators and a weak trend overseas.
Meanwhile, gold prices fell to $1,315.51 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.