Gold futures plunge to Rs 33,786 per 10 gm

PTI Updated - March 12, 2018 at 09:15 PM.

gold1.jpg

Gold futures prices fell 1.95 per cent to Rs 33,786 per 10 grams today largely in tandem with a weak global trend amid profit-booking by speculators.

On the Multi Commodity Exchange, gold prices for delivery in October fell Rs 453 or 1.95 per cent to Rs 33,786 per 10 grams in a business turnover of 2,697 lots.

Similarly, the yellow metal prices for delivery in December declined by Rs 657 or 1.91 per cent to Rs 33,820 per 10 grams in 173 lots.

Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas on concerns that the US Federal Reserve is getting closer to tapering its stimulus.

Further, profit-booking by speculators also weighed on the precious metal prices, they said.

Meanwhile, gold prices fell 0.1 per cent to $1,410.80 an ounce in Singapore.

Published on September 4, 2013 05:56