Gold futures marginally down on global cues, profit-booking

Monday, Aug 1, 2016,12:12 IST By metrovaartha A A A

New Delhi | Gold futures traded 0.21 per cent lower at Rs 31,530 per 10 grams Monday as participants locked- in gains amid a weak trend overseas.

At Multi Commodity Exchange, gold for delivery in far-month October fell by Rs 66 or 0.21 per cent to Rs 31,530 per 10 grams in business turnover of 654 lots. The metal for delivery in August contracts traded lower by Rs 59 or 0.19 per cent to Rs 31,490 per 10 grams in 171 lots.

Analysts said offloading of positions by traders to book profits at current levels and a weak trend in the overseas markets mainly influenced gold prices at the futures trade.

Globally, gold traded lower by 0.03 per cent to USD 1,350 an ounce in Singapore.

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