Gold Futures Drop On Profit-Booking

Posted By: Religare
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Gold futures closed lower in the domestic market on Wednesday as investors and speculators indulged in profit-booking at prevailing levels amid a weak trend overseas.

    Gold Futures Drop On Profit-Booking

    Some market participants attributed the fall in gold futures to profit-booking by participants at existing levels and a weak trend overseas as higher dollar reduced the precious metal's appeal as a safe haven.

    At the MCX, gold futures for April 2017 contract ended at Rs 29199 per 10 grams, down by 0.35 per cent, after opening at Rs 29240 against a previous close of Rs 29301. It touched the intra-day low of Rs 29174.

    Read more about: gold mcx
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more