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Gold futures decline in Muhurat trading

New Delhi: Gold futures traded a shade lower at Rs 30,067 per 10 grams in special Muhurat trading on the Multi Commodity Exchange today as participants booked profits to mark the start of Samvat 2073.

Besides, a weak trend at the domestic spot market put pressure on prices.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 15, or 0.05 per cent, to Rs 30,067 per 10 grams in business volume of 289 lots. On similar lines, gold for delivery in far-month February 2017 edged lower by Rs 5, or 0.02 per cent, to Rs 29,994 per 10 grams, with a business turnover of nine lots.

Market participants said profit booking by speculators, who opened their new accounts on the first session of Samvat Year 2073 and a weak trend at the domestic physical markets, mainly led to a modest fall in gold prices at futures trade here. Meanwhile, gold spot prices in the national capital fell by Rs 100 to Rs 30,650 per 10 grams in special Diwali trading today.