Gold futures marginally down on Asian cues,profit booking

Globally,gold prices fell 0.03 per cent to trade at a USD 1,321.00 an ounce in Singapore.

Written by PTI | New Delhi | Published: August 14, 2013 1:13 pm

Gold futures prices today fell marginally by 0.10 per cent to Rs 28,795 per 10 grams as speculators offloaded their positions,taking weak cues from the Asian region.

Besides,profit-booking by speculators also put pressure on gold futures.

At the Multi Commodity Exchange,gold prices for delivery in December fell by Rs 35,or 0.10 per cent,to Rs 28,795 per 10 grams in business turnover of 52 lots.

Similarly,metal prices for delivery in October declined by Rs 37,or 0.09 per cent,to Rs 28,845 per 10 grams in 1,372 lots.

Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas on fears that recent rally may hrut physical demand amid profit-booking by speculators.

Globally,gold prices fell 0.03 per cent to trade at a USD 1,321.00 an ounce in Singapore.

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