Gold Futures Fall On Profit-Booking

Gold futures traded lower by Rs 85 to Rs 31,545 per ten gram Tuesday due to profit-booking by participants even as the precious metal strengthened overseas.

Gold for delivery in far-month February 2019 was trading lower by Rs 85, or 0.27 per cent at Rs 31,545 per 10 gram in a business volume of 180 lots.

In a similar fashion, gold to be delivered in January contract fell by Rs 66, or 0.21 per cent, at Rs 31,435 per 10 gram in 177 lots.

Analysts said, the fall in gold futures was mostly attributed to profit-booking by participants but a firm trend overseas amid a slide in the dollar made the precious metal more attractive for holders of other currencies.

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