Thursday, Dec 14, 2017 | Last Update : 03:12 PM IST

Gold futures drop Rs 57 on weak global cues

PTI
Published : Dec 7, 2017, 10:55 am IST
Updated : Dec 7, 2017, 10:57 am IST

Rupee is trading at Rs 28,910 per 10 grams due to profit- booking by speculators amid a weak global trend.

Gold prices fell 0.02 per cent to USD 1,262.50 an ounce in Singapore. (Photo: PTI)
 Gold prices fell 0.02 per cent to USD 1,262.50 an ounce in Singapore. (Photo: PTI)

New Delhi: Gold prices declined by Rs 57 to Rs 28,910 per 10 grams in futures trade on Thursday due to profit- booking by speculators amid a weak global trend.

Gold for delivery in far-month February fell Rs 57, or 0.20 per cent, to Rs 28,910 per 10 grams, in a business turnover of 178 lots at the Multi Commodity Exchange.

Analysts said the fall in gold futures was in tune with a weak trend in precious metals overseas.

Gold prices fell 0.02 per cent to USD 1,262.50 an ounce in Singapore on Thursday.  

Tags: gold, gold price
Location: India, Delhi, New Delhi