Profit-taking pulls gold futures down

PTI Updated - March 13, 2018 at 01:32 PM.

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Gold futures prices today fell 0.21 per cent to Rs 28,045 per 10 grams as participants booked profits even as the metal strengthened overseas.

On the Multi Commodity Exchange, gold for delivery in October fell Rs 58 or 0.21 per cent to trade at Rs 28,045 per 10 grams in a turnover of 35 lots. Similarly, the metal for delivery in August shed Rs 40 or 0.14 per cent to Rs 27,865 per 10 gm in 1,514 lots.

Globally, gold rose as much as 0.2 per cent to $1,416.18 an ounce in Singapore.

Analysts said profit-booking by speculators at prevailing levels mainly put pressure on gold prices but the metal’s strength in the global market capped the losses.

Published on June 7, 2013 06:20