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This is an archive article published on April 25, 2012

Gold futures fall 0.34 on profit-taking

Gold for delivery in June declined by Rs 73 to Rs 28,800 per 10 gms in business turnover of 3,309 lots.

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Gold prices declined by 0.25 per cent to Rs 28,800 per 10 gm in futures trade today,as speculators booked prfoits after recent gains even as the precious metal strengthened overseas.

At the Multi Commodity Exchange,gold for delivery in June declined by Rs 73,or 0.25 per cent,to Rs 28,800 per 10 grams in a business turnover of 3,309 lots.

Similarly,the metal for delivery in August moved down by Rs 71,or 0.24 per cent,to Rs 28,193 per 10 gm in 131 lots.

Marketmen said profit-booking by speculators after recent gains,put pressure on gold prices at futures trade here but a firming trend overseas,capped the losses.

Meanwhile,gold in Singapore,up 0.01 per cent at USD 1,641.70 an ounce.

 

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