Gold futures slide 0.46 per cent on global cues, profit-booking
Gold is trading at Rs 31,453 per ten grams amid a weak global trend and profit-booking by speculators.
New Delhi: Gold prices went down by 0.46 per cent to Rs 31,453 per ten grams in futures trade on Friday amid a weak global trend and profit-booking by speculators.
At the Multi Commodity Exchange, gold for delivery in June fell by Rs 145, or 0.46 per cent, to Rs 31,453 per ten grams in a business turnover of 189 lots.
On similar lines, the metal for delivery in August was trading lower by Rs 126, or 0.40 per cent, to Rs 31,632 per ten grams in one lot.
Analysts said, the fall in gold futures was mostly in tandem with a weak trend overseas as global political tensions eased.
Profit-booking by participants at existing levels also weighed on prices, they said.
Globally, gold prices fell 0.25 per cent to USD 1,341.90 an ounce in Singapore on Friday.