Monday, Mar 08, 2021 | Last Update : 08:12 AM IST

  Business   Market  07 Jun 2017  Gold prices slip by 0.28 per cent amid weak global cues

Gold prices slip by 0.28 per cent amid weak global cues

PTI
Published : Jun 7, 2017, 11:06 am IST
Updated : Jun 7, 2017, 11:06 am IST

Globally, gold fell 0.22 per cent to USD 1,290.70 an ounce in Singapore due to weak global cues and profit-booking by speculators.

Representative Image.
 Representative Image.

New Delhi: Amid a weakening global trend and profit-booking by speculators, gold prices fell by 0.28 per cent to Rs 29,485 per 10 grams in futures trade today.

At the Multi Commodity Exchange, gold for delivery in August declined by Rs 82, or 0.28 per cent, to Rs 29,485 per 10 grams, in a business turnover of 600 lots. Similarly, the yellow metal for delivery in October moved down by Rs 54, or 0.18 per cent, to Rs 29,639 per 10 grams in two lots.

 

Market analysts said besides subdued global trend, profit-booking by participants at prevailing levels, mainly led to the fall in gold prices at futures trade. Globally, gold fell 0.22 per cent to USD 1,290.70 an ounce in Singapore.

Tags: gold prices, gold market, multi commodity exchage, gold futures, weak global cues
Location: India, Maharashtra, Mumbai (Bombay)