Wednesday , August 23 2017
Home / Business / Financials / Gold futures slide on weak global cues

Gold futures slide on weak global cues

New Delhi: Gold prices fell 0.18 per cent to Rs 28,425 per 10 grams in futures trade on Friday as participants cut down bets amid a weak global trend.

At the Multi Commodity Exchange, gold prices for delivery in August fell by Rs 53, or 0.18 per cent, to Rs 28,425 per 10 grams in a business turnover of 219 lots.

Also, the metal for delivery in October declined by Rs 53, or 0.18 per cent, to Rs 28,695 per 10 grams in 64 lots.

Analysts attributed the fall in prices to weak trend overseas and profit-booking by speculators at prevailing levels.

Meanwhile, gold was trading 0.08 per cent down at USD 1,257.60 an ounce in Singapore.

PTI