Gold futures fall by Rs 143 on profit-booking

Date:

Share post:

spot_imgspot_img

New Delhi: Gold prices fell by Rs 143 to Rs 31,160 per 10 grams in futures trade on Tuesday after participants booked profits at prevailing levels even as the precious metal strengthened overseas.
At the Multi Commodity Exchange, gold for delivery in far-month February next year contract was trading lower by Rs 143, or 0.46 per cent, to Rs 31,160 per 10 grams in a business turnover of 66 lots.
Gold to be delivered in December also declined by Rs 114, or 0.37 per cent to Rs 30,885 per 10 grams in 245 lots.
The fall in gold prices at futures trade is mostly due to profit-booking by speculators at current levels but a better trend overseas, limited the fall, analysts said.
Globally, the gold was trading 0.33 per cent higher at USD 1,204.80 an ounce in Singapore. (PTI)

spot_imgspot_img

Related articles

‘Don’t just adopt AI, use it intelligently’, says Jitendra Singh

Jaipur, July 2: The 29th National e-Governance Conference (NeGC) concluded successfully on Thursday with Union Minister of State...

Guwahati Airport commences international flight operations from Terminal 2

GUWAHATI, July 2: The Lokapriya Gopinath Bardoloi International (LGBI) Airport in Guwahati on Thursday commenced international flight operations...

Ram Temple Trust Office In-charge blames SBI for embezzlement row

Ayodhya, July 2: As the row over the alleged embezzlement of funds and donations at the Ram Temple...

2027 to be celebrated as ‘India–Japan Year of Shared Horizons’

New Delhi, July 2: The governments of India and Japan, in cooperation with their respective stakeholders, will celebrate...