PSU MARKET

Gold futures decline Rs 14 on profit-booking, weak global cues

PTI/Agencies, New Delhi
18/01/2019   0 Comments

Gold prices fell by Rs 14 to Rs 32,390 per 10 gram in futures trade Friday as speculators went for profit-booking at prevailing levels amid a weak trend overseas. In futures trade at the Multi Commodity Exchange, gold to be delivered in April fell by Rs 14, or 0.04 per cent, to trade at Rs 32,390 per 10 gram in a business turnover of 75 lots. The yellow metal for delivery in June, too, shed Rs 31, or 0.1 per cent, to trade at Rs 32,480 per 10 gram with a business volume of 434 lots. Analysts attributed the fall in gold futures to profit-booking by traders and a weak trend in precious metals overseas. Globally, gold shed 0.04 per cent to USD 1,291.52 an ounce in Singapore.

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