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Last Updated : May 02, 2019 01:49 PM IST | Source: PTI

Gold futures decline Rs 283 on profit-booking, weak global cues

Analysts attributed the fall in gold futures to profit-booking by traders and a weak trend in precious metals overseas.

Gold prices fell by Rs 283 to Rs 31,457 per 10 gram in futures trade Thursday as speculators went for profit-booking at prevailing levels amid a weak trend overseas.

In futures trade on the Multi Commodity Exchange, gold to be delivered in June fell by Rs 283, or 0.89 percent, to trade at Rs 31,457 per 10 gram in a business turnover of 12,113 lots.

The yellow metal for delivery in August shed Rs 236, or 0.74 percent, to trade at Rs 31,626 per 10 gram with a business volume of 434 lots.

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Analysts attributed the fall in gold futures to profit-booking by traders and a weak trend in precious metals overseas.

Globally, gold shed 0.72 percent to USD 1,272.14 an ounce in Singapore.

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First Published on May 2, 2019 01:39 pm
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