BL: Gold futures down on global cues, profit-booking
NEW DELHI: Gold futures prices fell by 0.61 per cent to Rs 20,100 per 10 grams on Tuesday, as speculators booked profits amid a weak global trend.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 113 or 0.61 per cent to Rs 20,100 per 10 grams with a trade volume of six lots. It ended 0.44 per cent higher at Rs 20,223 per ten grams in the previous session.
Similarly, the metal for delivery in far-month February contract also traded lower by Rs 115 or 0.56 per cent at Rs 20,300 per ten grams in a turnover of two lots.
Market analysts said profit-booking by speculators at prevailing prices and a weak global trend due to a stronger dollar on worries about euro zone nations’ sovereign debt crisis, mainly led to the decline in gold futures prices.
Meanwhile, gold fell by $8.30 to $1,360.50 an ounce in New York on Monday. — PTI
