Tuesday, June 14, 2016

MCX Gold Tips: Yellow metal down on weak global cues

MCX Gold Tips: Gold futures were trading lower during the afternoon trade in the domestic market on Tuesday as traders trimmed their positions amid weak trend in universal markets. Traders indulged in profit booking at existing levels amid global weakness in precious metals, too weighed on bullion futures. At the MCX, Gold futures for August 2016 contract is trading at Rs 30,360/kg, down by 0.13%, after opening at Rs 30,350, against a previous close of Rs 30,399. It touched the intra-day low of Rs 30,270.