National

Gold futures decline Rs 14 on profit-booking, weak global cues

New Delhi :  Gold prices fell by Rs 14 to Rs 32,390 per 10 gram in futures trade Friday as speculators went for profit-booking at prevailing levels amid a weak trend overseas.

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In futures trade at the Multi Commodity Exchange, gold to be delivered in April fell by Rs 14, or 0.04 per cent, to trade at Rs 32,390 per 10 gram in a business turnover of 75 lots.

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The yellow metal for delivery in June, too, shed Rs 31, or 0.1 per cent, to trade at Rs 32,480 per 10 gram with a business volume of 434 lots.

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Analysts attributed the fall in gold futures to profit-booking by traders and a weak trend in precious metals overseas.

Globally, gold shed 0.04 per cent to USD 1,291.52 an ounce in Singapore.

 PTI 

18/1/2019

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