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Gold futures decline 0.50% on weak global cues

At Multi Commodity Exchange, gold for delivery in December fell by Rs 142, or 0.50%, to Rs 28,243 per ten grams

Press Trust of India  |  New Delhi 

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prices moved down by 0.50% to Rs 28,243 per 10 ten grams in futures trading as participants trimmed positions amid weak global cues.

At the Multi Commodity Exchange, for delivery in December fell by Rs 142, or 0.50%, to Rs 28,243 per ten grams in a business turnover of 197 lots.



Likewise, the yellow metal for delivery in far-month February traded lower by Rs 83, or 0.29% to Rs 28,114 per ten grams in 555 lots.

Analysts attributed the fall in futures to offloading of positions by traders in-line with a weak trend overseas as the dollar's surge to the highest in at least a decade and signs that the is moving closer to increasing rates, eroded the metal's appeal as a safe-haven asset.

Globally, fell 1.25% to $1,173 an ounce in New York yesterday.

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Gold futures decline 0.50% on weak global cues

At Multi Commodity Exchange, gold for delivery in December fell by Rs 142, or 0.50%, to Rs 28,243 per ten grams

At Multi Commodity Exchange, gold for delivery in December fell by Rs 142, or 0.50%, to Rs 28,243 per ten grams prices moved down by 0.50% to Rs 28,243 per 10 ten grams in futures trading as participants trimmed positions amid weak global cues.

At the Multi Commodity Exchange, for delivery in December fell by Rs 142, or 0.50%, to Rs 28,243 per ten grams in a business turnover of 197 lots.

Likewise, the yellow metal for delivery in far-month February traded lower by Rs 83, or 0.29% to Rs 28,114 per ten grams in 555 lots.

Analysts attributed the fall in futures to offloading of positions by traders in-line with a weak trend overseas as the dollar's surge to the highest in at least a decade and signs that the is moving closer to increasing rates, eroded the metal's appeal as a safe-haven asset.

Globally, fell 1.25% to $1,173 an ounce in New York yesterday.
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Business Standard
177 22

Gold futures decline 0.50% on weak global cues

At Multi Commodity Exchange, gold for delivery in December fell by Rs 142, or 0.50%, to Rs 28,243 per ten grams

prices moved down by 0.50% to Rs 28,243 per 10 ten grams in futures trading as participants trimmed positions amid weak global cues.

At the Multi Commodity Exchange, for delivery in December fell by Rs 142, or 0.50%, to Rs 28,243 per ten grams in a business turnover of 197 lots.

Likewise, the yellow metal for delivery in far-month February traded lower by Rs 83, or 0.29% to Rs 28,114 per ten grams in 555 lots.

Analysts attributed the fall in futures to offloading of positions by traders in-line with a weak trend overseas as the dollar's surge to the highest in at least a decade and signs that the is moving closer to increasing rates, eroded the metal's appeal as a safe-haven asset.

Globally, fell 1.25% to $1,173 an ounce in New York yesterday.

image
Business Standard
177 22