Gold futures down 0.19 per cent on profit-booking

[epic_research]

Gold futures prices today shed 0.19 per cent to Rs 26,892 per ten grams as participants indulged in profit-booking at prevailing levels despite the precious metal rising in the global market.

Gold prices fell by Rs 52, or 0.19 per cent, to trade at Rs 26,892 per 10 gram for delivery in April contracts at the Multi Commodity Exchange.

Similarly, the metal for delivery in far-month June shed Rs 38, or 0.14 per cent, to Rs 27,040 per 10 gram in just one lot.

Market analysts said profit-booking by speculators at prevailing levels led to fall in gold prices at futures trade here though metal’s gain overseas restricted the fall.

Globally, gold advanced 0.5 per cent to USD 1,245.36 an ounce in Singapore.

 

[Simran_Roy]

Gold futures prices today shed 0.19 per cent to Rs 26,892 per ten grams as participants indulged in profit-booking at prevailing levels despite the precious metal rising in the global market.

Gold prices fell by Rs 52, or 0.19 per cent, to trade at Rs 26,892 per 10 gram for delivery in April contracts at the Multi Commodity Exchange.

Similarly, the metal for delivery in far-month June shed Rs 38, or 0.14 per cent, to Rs 27,040 per 10 gram in just one lot.

Market analysts said profit-booking by speculators at prevailing levels led to fall in gold prices at futures trade here though metal’s gain overseas restricted the fall.

Globally, gold advanced 0.5 per cent to USD 1,245.36 an ounce in Singapore.

Gold prices on Monday showed no signs of bouncing back after last week’s near-2% decline as a flood of economic data and the winding down of earnings season could inject some volatility in metals trading in the coming days.

Gold for April delivery GCJ5, -0.95% gave up $1.90 to drift down to $1,203.90 an ounce.