GOLD APRIL FUTURES DOWN 0.19 PER CENT TO RS 26,892 PER TEN GRAMS ON PROFIT-BOOKING.

GOLD APRIL FUTURES DOWN 0.19 PER CENT TO RS 26,892 PER TEN GRAMS ON PROFIT-BOOKING.

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Gold April futures down 0.19 per cent to Rs 26,892 per ten grams on profit-booking
Prices of gold futures on MCX yield today, as the participants were handed in  profit-booking at current levels despite the precious metal rising in the global marketplace.
At the Multi Commodity Exchange, gold futures for April delivery fell by Rs 52, or 0.19 percent, to trade at Rs 26,892 per 10 grams.
Gold of 99.9 and 99.5 per cent purity traded higher by Rs. 90 each to Rs. 27,880 and Rs. 27,680 per ten grams respectively, at the bullion market in Delhi today on emergence of buying by jewellers and retailers at existing levels amid a firm global trend. The precious metal had lost Rs. 510 in last two sessions.
Gold rose in the global trade market in the early morning, as investors remained cautious on the evolution of Greek debt negotiations.
Globally, gold rose on the Comex division of the New York Mercantile Exchange, for April delivery was inserted at 70 cents, or 0.06%, to trade at $ 1242.20 a troy ounce during European morning trade hours.
Gold’s gains were capped in the middle of increased potential for an earlier rise in interest rates by the Federal Reserve, following strong payrolls report from the United States last week, which saw the market agents anticipate expectations for the first rate hike by the Fed to June.
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