Financials News

Gold futures drop Rs 55 on profit-booking

Gold futures drop Rs 55 on profit-booking
Representational Photo

New Delhi: Gold prices declined by Rs 55 to Rs 28,300 per 10 grams in futures trade today due to profit- booking by speculators amid a weak global trend.

Gold for delivery in far-month April fell Rs 55, or 0.19 per cent, to Rs 28,300 per 10 grams, in a modest business turnover of one lot at the Multi Commodity Exchange.

Also, gold for delivery in February contracts too was trading down by Rs 51, or 0.18 per cent, at Rs 28,266 per 10 grams in a business turnover of 145 lots.

Globally, gold prices fell 0.22 per cent to USD 1,252.70 an ounce in New York yesterday.

PTI