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Gold futures decline on profit-bookings, global cues

Last Updated: Tuesday, September 18, 2012 - 13:16

New Delhi: Gold prices fell by 0.25 percent to Rs 31,732 per 10 grams in futures trade Tuesday as speculators preferred to book profits at prevailing higher levels amid a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in October fell by Rs 79, or 0.25 percent, to Rs 31,732 per 10 grams, with a business turnover of 4,647 lots.

Similarly, the metal for delivery in December moved down by Rs 75, or 0.23 percent, to Rs 32,066 per 10 grams, with a business turnover of 679 lots.

Globally, spot gold fell as much as 0.4 percent to USD 1,753.75 an ounce in Singapore today.

Marketmen said besides profit-booking by speculators at prevailing higher levels, a weak trend in the global markets after metal slipped from six-month high, mainly led to the fall in gold prices at futures trade.

PTI

First Published: Tuesday, September 18, 2012 - 13:14
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