This Article is From Jul 03, 2014

Gold Futures Down 0.30% on Weak Global Cues, Profit-Booking

Gold Futures Down 0.30% on Weak Global Cues, Profit-Booking
New Delhi:

Gold prices fell 0.30 per cent to Rs 27,581 per 10 grams in futures trade today amidst a weak trend overseas and profit-booking by speculators.

At the Multi Commodity Exchange, gold for delivery in August fell by Rs 82, or 0.30 per cent, to Rs 27,581 per 10 grams in a business turnover of 954 lots.

In a similar fashion, the metal for delivery in October shed Rs 83, or 0.30 per cent, to Rs 27,680 per 10 grams in 31 lots.

Analysts said a weak trend in the overseas markets where gold retreated from a three-month high before employment data that may show the US economy is gaining momentum, put pressure on the prices of the precious metal at futures trade here.

Globally, gold lost 0.30 per cent to $1,322.96 an ounce in Singapore today

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