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Gold futures lose footing after demand hit

Gold prices fell a sharp Rs 148 to Rs 32,133 in futures trade on Thursday as speculators reduced exposure. On the Multi Commodity Exchange, gold for delivery in June traded lower by Rs 148, or 0.46 per cent, at Rs 32,133 per 10 grams in a business turnover of 14,846 lots. Gold for delivery in August fell by Rs 160, or 0.49 per cent, to Rs 32,270 in 2,555 lots. Marketmen said the fall in gold prices in futures trade was mostly due to trimming of positions by participants. Globally, gold was trading lower by 0.17 per cent at $1,306.84 an ounce in Singapore.

Courtesy - PTI



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