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Gold futures decline on profit-bookings

Gold futures decline on profit-bookings

Market analysts say profit-bookings by speculators at prevailing higher levels mainly led to the fall in gold prices at futures trade.

Speculators preferred to book profits at prevailing higher levels on Thursday that led to the fall of gold prices by Rs 29 to Rs 30,189 per 10 grams in futures trade.

At the Multi Commodity Exchange, gold for delivery in October fell by Rs 29, or 0.10 per cent, to Rs 30,189 per 10 grams, with a business turnover of 834 lots.

Similarly, the metal for delivery in August moved down by Rs 20, or 0.07 per cent, to Rs 29,815 per 10 grams in 4,296 lots.

Market analysts said profit-bookings by speculators at prevailing higher levels mainly led to the fall in gold prices at futures trade.

With PTI inputs
 

Published on: Jul 26, 2012, 2:06 PM IST
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