Gold loses sheen in futures trade

Gold loses sheen in futures commerce


New Delhi, Might 17 Gold costs fell by Rs 26 to Rs 31,950 per 10 gram in futures commerce Friday as speculators went for profit-booking in tandem with a weak pattern in abroad market.

On the Multi Commodity Change, gold to be delivered in June fell by Rs 26, or zero.08 per cent, to commerce at Rs 31,950 per 10 gram in a enterprise turnover of eight,250 heaps.

The yellow metallic for supply in August contracts, too, shed Rs 23, or zero.07 per cent, to commerce at Rs 32,140 per 10 gram with a enterprise quantity of eight,080 heaps.

Analysts attributed the autumn in gold futures to profit-booking by merchants within the home markets.

Globally, the dear metallic misplaced steam on a firmer greenback and growing buyers’ desire for riskier property denting the protected haven sentiments, say experiences.

Gold was buying and selling decrease zero.01 per cent to USD 1,286.10 an oz in New York. ADI SHW

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