Gold futures fall on weak global cues

Posted By: Staff
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Gold futures fall on weak global cues
New Delhi, Nov 19 (PTI) Gold prices fell 0.12 per cent to Rs 26,563 per 10 grams in futures trade today amid a weak trend overseas and profit-booking by speculators.

At the Multi Commodity Exchange, gold for delivery in December eased by Rs 33, or 0.12 per cent, to Rs 26,563 per 10 grams in a business turnover of 253 lots.

Likewise, the metal for delivery in February next year shed Rs 21, or 0.08 per cent, to Rs 26,811 per 10 grams in 12 lots. Analysts said a weak trend in the overseas markets on speculation that the rally to the highest level in two weeks may erode demand, mainly weighed on gold prices at futures trade here.

Globally, gold fell to USD 1,193.24 an ounce in Singapore today from USD 1,197.08 yesterday.


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