Gold futures fall to Rs 27,641 on profit-booking, weak global cues

PTI Updated - December 07, 2021 at 01:10 AM.

gold

Gold prices fell 0.1 per cent to Rs 27,641 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators.

On the Multi Commodity Exchange, gold for delivery in August eased by Rs 27 or 0.1 per cent to Rs 27,641 per 10 grams in a business turnover of 287 lots.

Likewise, the metal for delivery in far-month October shed Rs 24 or 0.09 per cent to Rs 27,725 per 10 grams in 8 lots.

Analysts said besides a weak trend in the overseas markets on signs that a rally to a two-month high dampened the physical and investment demand, profit-booking by speculators also put pressure on gold prices at the futures trade here.

Globally, the yellow metal lost 0.4 per cent to $1,310.19 an ounce in Singapore today.

Published on June 23, 2014 06:25