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    HomeNewsBusinessMarketsGold futures down on profit-booking, weak global cues

    Gold futures down on profit-booking, weak global cues

    Amid profit-booking by speculators after recent gains and a weak trend overseas, gold futures today fell by 0.15% to Rs 30,802 per 10 grams.

    August 30, 2012 / 14:41 IST

    Amid profit-booking by speculators after recent gains and a weak trend overseas, gold futures today fell by 0.15% to Rs 30,802 per 10 grams.


    At the Multi Commodity Exchange, gold for delivery in October fell by Rs 45, or 0.15%, to Rs 30,847 per 10 grams, with a business turnover of 1,296 lots.


    Similarly, the yellow metal for delivery in December shed Rs 47, or 0.15%, to Rs 31,180 per 10 grams, with a business turnover of 106 lots.


    Marketmen said besides profit-booking by speculators at prevailing record levels, a weak trend overseas on speculation that the US Federal Reserve will refrain from additional stimulus amid signs the world's largest economy is improving, put pressure on the gold prices at futures trade.

    Meanwhile in New York, gold traded USD 10.50 lower at USD 1,656.10 an ounce in yesterday's trade.

    first published: Aug 30, 2012 11:54 am

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