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Gold futures fall Rs 103 on weak global cues

Friday, Jun 2, 2017,11:08 IST By anju A A A

New Delhi | Gold fell Rs 103 to Rs 28,840 per 10 grams in futures trade today as participants reduced their positions, largely in line with a weak trend overseas.

Profit-booking at existing levels also weighed on the yellow metal.

At the Multi Commodity Exchange, gold for delivery in far-month August was trading lower by Rs 103 or 0.36 per cent at Rs 28,840 per 10 grams in a business turnover of 263 lots.

The metal for delivery in June shed Rs 17 or 0.06 per cent to Rs 28,635 per 10 grams in 14 lots.

Analysts said besides a weak global trend, profit-booking by speculators at current levels weighed on gold futures here.

Globally, gold fell 0.35 per cent to USD 1,261 an ounce in Singapore today.