Gold prices fall in futures trade

New Delhi, Might 17

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

On the Multi Commodity Trade, 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 tons.

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 tons.

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

Globally, the valuable metallic misplaced steam on a firmer greenback and growing traders’ choice for riskier belongings denting the secure haven sentiments, say stories.

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

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