Gold futures down 0.43% on weak global cues

Gold futures down 0.43% on weak global cues

PTIUpdated: Friday, May 31, 2019, 09:43 PM IST
article-image

New Delhi: Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.43 per cent to Rs 27,360 per 10 grams in futures trade today. At the Multi Commodity Exchange, gold for delivery in far-month February next year eased Rs 117, or 0.43 per cent, to Rs 27,360 per 10 grams, in a business turnover of 17 lots. On similar lines, the metal for delivery in December shed Rs 109, or 0.40 per cent, to Rs 27,148 per 10 grams in 392 lots. Analysts said besides profit-booking by speculators, a weak trend in overseas markets, weighed on gold futures. Globally, gold traded 0.45 per cent lower at USD 1,178.10 an ounce in Singapore today.

RECENT STORIES

Mahindra Introduces Bolero Neo+ in India, Starting at Rs 11.39 Lakh

Mahindra Introduces Bolero Neo+ in India, Starting at Rs 11.39 Lakh

‘…If Someone Were To Assassinate Him’: WTFund’s Co-Founder Harnidh Kaur Sparks Controversy...

‘…If Someone Were To Assassinate Him’: WTFund’s Co-Founder Harnidh Kaur Sparks Controversy...

2024 Jeep Meridian Facelift Unveiled with Teaser Release

2024 Jeep Meridian Facelift Unveiled with Teaser Release

Petrol Sales Up 7%, Diesel Declines 9.5% In April

Petrol Sales Up 7%, Diesel Declines 9.5% In April

Indian Stock Markets Close In Red: Sensex At 72,943.68 & Nifty Below 22,200; Hindustan Unilever,...

Indian Stock Markets Close In Red: Sensex At 72,943.68 & Nifty Below 22,200; Hindustan Unilever,...