Gold futures weaken on profit-booking

Last Updated: Friday, June 7, 2013 - 11:39

New Delhi: Gold futures prices on Friday fell by 0.21 percent to Rs 28,045 per 10 grams as participants booked profits even as the metal strengthened overseas.

At the Multi Commodity Exchange, gold for delivery in October, fell by Rs 58, or 0.21 percent, to trade at Rs 28,045 per 10 grams in a turnover of 35 lots.

Similarly, the metal for delivery in August shed Rs 40, or 0.14 percent, to Rs 27,865 per 10 gm in 1,514 lots.

Globally, gold rose as much as 0.20 percent to USD 1,416.18 an ounce in Singapore.

Analysts said profit-booking by speculators at prevailing levels mainly put pressure on gold prices but metal's strength in the global market, capped the losses.


First Published: Friday, June 7, 2013 - 11:39

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