Gold prices fall by Rs 72 in futures trade on profit-booking
Gold prices fell by Rs 72 to Rs 27,322 per 10 grams in futures trade at the bullion market on Wednesday, amid profit-booking by speculators and a weak trend overseas.
Bullion market analysts said the fall in gold futures was mostly attributed to profit-booking by speculators and a weak trend overseas.
At the Multi Commodity Exchange (MCX), gold prices for delivery in February declined by Rs 72 (or 0.26 per cent), to Rs 27,322 per 10 grams in 134 lots.
Similarly, prices of the yellow metal for delivery in April fell by Rs 65 (or 0.24 per cent), to Rs 27,549 per ten grams in a business turnover of six lots.
Meanwhile, gold in Singapore, which normally sets the price trend on the domestic front, fell 0.37 per cent to US $1,214.80 an ounce.
Source: business today – Gold prices fall by Rs 72 in futures trade on profit-booking
