AFP; Gold futures plummets on profit booking at MCX
Gold failed to shine for the last one week and even slipped further on intense selling by the traders in tacking cues from weak global markets.
Gold for Oct delivery contract was down by 4.47 percent to Rs 12,810 per 10 gram on MCX counter. December contract slipped by 3.49 percent to Rs 12,848 per 10 gram.
Market analysts said firming US dollar against the euro and other major currencies mainly pulled down future prices of gold and other precious metals.
