Markets

Gold Rate Today: Gold declines on profit-booking, low spot demand

NEW DELHI: Gold prices declined in futures trade on Friday owing to profit-booking, while a fall in demand from jewellers at spot markets also weighed on the precious metal.

An uptick in the riskier equities also dented the demand for the safe-haven metal.

In the international markets, the yellow metal eased but was headed for their best week this year supported by expectations of an interest rate cut by Federal Reserve and heightened global trade conflicts, Reuters reported.

Silver also declined in futures trade, pressured by fall in demand by industrial units and coin makers at the spot market.

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