Gold Down on Weak Global Cues

Posted By: Religare
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Gold futures closed lower in the domestic market on Tuesday as participants reduced their exposure. Analysts attributed the fall to a weak trend in the precious metals overseas and profit-booking by participants.

Gold Down on Weak Global Cues

At the MCX, gold futures for August 2017 contract ended at Rs 28380 per 10 grams, down by 0.62 per cent, after opening at Rs 28,521 against a previous close of Rs 28,557. It touched the intra-day low of Rs 28,350.

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