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Published on 29/01/2018 1:57:23 PM | Source: Dion Global Solutions Ltd

Yellow metal falls on weak global cues

Posted in Commodity Top News| #Gold #Commodity Tips #MCX

Gold prices were down at futures trade on Monday as participants trimmed their positions to book profits amid a weak trend overseas. Analysts said apart from the profit-booking at current levels by speculators, a weakening trend in the overseas, weighed on the precious metal in futures trade. At the MCX, gold futures for February 2018 contract is trading at Rs 30099 per 10 grams, down by 0.86 per cent, after opening at Rs 30150, against a previous close of Rs 30361. It touched the intra-day low of Rs 30026 (at 12:56 hours).