Gold futures fall on profit-taking, global cues
Tuesday, 19 October 2010
NEW DELHI, Oct 18 (PTI): Snapping a record-setting spree, gold prices fell sharply by Rs 281 to Rs 19,896 per ten gram in futures trade today, after speculators preferred to book profits at prevailing levels amid weak trend overseas.
At the Multi Commodity Exchange platform, gold for far-month April contract traded Rs 281, or 1.81 per cent, to Rs 19,986 per ten gram, with a turnover of 63 lots.
Similarly, the metal for delivery February delivery declined by Rs 218, or 2.1 per cent, to Rs 19,816 per ten gram, with a turnover of 249 lots, while delivery in December contract fell by Rs 183, or 0.95 per cent, to Rs 19,681 per ten gram, clocking a turnover of 4,668 lots.
At the Multi Commodity Exchange platform, gold for far-month April contract traded Rs 281, or 1.81 per cent, to Rs 19,986 per ten gram, with a turnover of 63 lots.
Similarly, the metal for delivery February delivery declined by Rs 218, or 2.1 per cent, to Rs 19,816 per ten gram, with a turnover of 249 lots, while delivery in December contract fell by Rs 183, or 0.95 per cent, to Rs 19,681 per ten gram, clocking a turnover of 4,668 lots.