Gold prices declined by Rs 27 to Rs 29,078 per 10 gram in futures trade on Wednesday as participants indulged in profit-booking at prevailing levels amid a weak trend overseas, reported a national news agency.
In futures trade at the Multi Commodity Exchange, gold for delivery in October shed Rs 27 or 0.09% to Rs 29,078 per 10 gram in a business turnover of 383 lots.
Similarly, metal for delivery in far-month December contracts eased by Rs 15 or 0.05% to Rs 29,212 per 10 gram in seven lots.
Market experts attributed the fall in gold futures to profit-booking by traders at existing levels and weakness in the precious metals in the global market as the US dollar firmed up against a basket of major currencies ahead of an annual meeting of central bankers this week.
Globally, gold was trading 0.53% lower at USD 1,284.40 an ounce in New York on Tuesday..
In futures trade at the Multi Commodity Exchange, gold for delivery in October shed Rs 27 or 0.09% to Rs 29,078 per 10 gram in a business turnover of 383 lots.
Similarly, metal for delivery in far-month December contracts eased by Rs 15 or 0.05% to Rs 29,212 per 10 gram in seven lots.
Market experts attributed the fall in gold futures to profit-booking by traders at existing levels and weakness in the precious metals in the global market as the US dollar firmed up against a basket of major currencies ahead of an annual meeting of central bankers this week.
Globally, gold was trading 0.53% lower at USD 1,284.40 an ounce in New York on Tuesday..
No comments:
Post a Comment