Gold futures decline 0.26% on profit-booking, global cues

New Delhi-India (Apr 20)  Gold prices moved down by 0.26 per cent to Rs 29,250 per 10 ten grams in futures trading as participants booked profits at prevailing higher levels amid weak global cues.

 At the Multi Commodity Exchange, gold for delivery in June fell by Rs 76, or 0.26 per cent to Rs 29,250 per ten grams in a business turnover of 3,735 lots.

 Likewise, the yellow metal for delivery in far-month August traded lower by Rs 70, or 0.24 per cent to Rs 29,472 per ten grams in 81 lots.

 Analysts attributed the fall in gold futures to profit-booking by traders at existing levels and a weak global trend.

 Globally, gold fell 0.23 per cent to $1,247.40 an ounce in Singapore.

Source: Business-Standard