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Gold futures closed lower in the domestic market on Wednesday due to profit-booking and as participants cut down their bets, tracking a weak trend overseas.
Analysts said apart from profit-booking by speculators at prevailing levels, a weak trend in global market mainly led to the fall in gold prices at the futures trade.
At the MCX, gold futures for April 2017 contract ended at Rs 29278 per 10 grams, down by 0.18 per cent, after opening at Rs 29,311 against a previous close of Rs 29,332. It touched the intra-day low of Rs 29,241
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Analysts said apart from profit-booking by speculators at prevailing levels, a weak trend in global market mainly led to the fall in gold prices at the futures trade.
At the MCX, gold futures for April 2017 contract ended at Rs 29278 per 10 grams, down by 0.18 per cent, after opening at Rs 29,311 against a previous close of Rs 29,332. It touched the intra-day low of Rs 29,241
