Gold futures prices today fell by 0.35 per cent to Rs 27,145 per 10 grams as speculators offloaded their positions at prevailing levels amid a weak global trend. At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 96, or 0.35 per cent, to Rs 27,145 per 10 grams in business turnover of 931 lots. Similarly, metal prices for delivery in August declined by Rs 79, or 0.29 per cent, to Rs 27,161 per 10 grams in 4,114 lots.
Market analysts said the fall in gold futures was mostly attributed to profit-booking by speculators and a weak trend overseas amid speculation the price rally this month may damp demand. Meanwhile, gold prices fell 0.5 per cent to USD 1,315.30 an ounce in Singapore.
Copper Updates ~ MCX Base Metals Tips Today:-
Amid a weak trend in global market and subdued spot demand, copper prices fell 0.24 per cent to Rs 418.65 per kg in futures trade today. At the Multi Commodity Exchange, copper for delivery in August shed Re 1, or 0.24 per cent, to Rs 418.65 per kg in business turnover of 872 lots. Similarly, the metal for delivery in far-month November traded lower by 70 paise, or 0.16 per cent, to Rs 426.15 per kg in 56 lots. Globally, copper for delivery in three months fell one per cent, the most since July 17, to USD 6,984.25 a tonne on the London Metal Exchange.
Zinc futures prices today fell 0.32 per cent to Rs 109.80 per kg as speculators reduced positions, amid sluggish domestic demand and weak global trend. At the Multi Commodity Exchange, zinc prices for delivery in July declined by 35 paise, or 0.32 per cent, to Rs 109.80 per kg in business turnover of 185 lots.
Likewise, the metal prices for delivery in August traded lower by 30 paise, or 0.27 per cent, to Rs 111.15 per kg in 34 lots.
