Gold futures decline Rs 145 on profit-booking, global cues
Gold prices fell by Rs 145 to Rs 32,000 per ten grams in futures trade on Friday as speculators went for profitbooking at prevailing levels amid a...
New Delhi: Gold prices fell by Rs 145 to Rs 32,000 per ten grams in futures trade on Friday as speculators went for profit-booking at prevailing levels amid a weak trend overseas.
In futures trade at the Multi Commodity Exchange, gold to be delivered in far-month February next year fell by Rs 145, or 0.45 per cent, to trade at Rs 32,000 per 10 grams in a business turnover of 75 lots.
The yellow metal for delivery in December, too, shed Rs 110, or 0.34 per cent at Rs 31,782 per 10 grams with a business volume of 434 lots.
Analysts attributed the fall in gold futures to profit-booking by traders at current level and a weak trend in precious metals overseas.
Globally, gold shed 0.03 per cent to USD 1,233.50 an ounce in Singapore on Friday.