Gold futures fall Rs 53 on weak global cues


Gold for delivery in June contracts was trading Rs 53 or 0.18 per cent lower at Rs 29,882 per ten grams in a business turnover of 23 lots at the Multi Commodity Exchange.

On similar lines, the metal for delivery in far-month August shed Rs 33 or 0.11% to Rs 30,103 per ten grams in 23 lots.

Marketmen said the fall in gold futures was mostly in tune with a weak trend overseas and profit-booking by speculators at current levels.Meanwhile, gold prices in global market retreated as much as 0.41% to $1,271.50 an ounce in Singapore today.

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