Friday, June 7, 2013

Gold futures down 0.2% on profit-booking

Gold for delivery in August shed 0.14% per 10 gm. Gold futures prices today fell by 0.21% to Rs 28,045 per 10 grams as participants booked profits even as the metal strengthened overseas.  At the Multi Commodity Exchange, MCX gold for delivery in October, fell by Rs 58, or 0.21%, to trade at Rs 28,045 per 10 grams in a turnover of 35 lots. Similarly, gold for delivery in August shed Rs 40, or 0.14%, to Rs 27,865 per 10 gm in 1,514 lots.
Globally, gold rose as much as 0.20% to $1,416.18 an ounce in Singapore. Analysts said profit-booking by speculators at prevailing levels mainly put pressure on gold prices but metal's strength in the global market, capped the losses.

Source : Business-Standard

1 comment:

  1. Share market recommendation is very useful for traders, you can easily invest in the market with the help of given news and Comex Tips.