Gold futures slide on weak global cues
Gold prices fell by Rs 17 to Rs 29,993 per 10 grams in futures trade today as traders cut down bets at current levels amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in October were trading lower by Rs 17, or 0.06 per cent, to Rs 29,993 per 10 grams in a business turnover of 1,074 lots.
Also, the metal for delivery in December eased by Rs 5, or 0.02 per cent, to Rs 30,150 per 10 grams in 19 lots.
Analysts attributed the fall in prices to a weak trend overseas and profit-booking by speculators at prevailing levels.
Meanwhile, gold was trading 0.04 per cent down at USD 1,328.50 an ounce in Singapore today.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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