Business Standard

Gold futures decline on weak global cues, demand

The April delivery fell by Rs 220, or 0.69%, to Rs 31,586 per 10 gm

Related News

today fell by 0.72% to to Rs 31,1719 per 10 gm as speculators reduced their positions, taking weak cues from the global market amid slackened demand at spot markets.

At the Multi Commodity Exchange, the February gold fell by Rs 226, or 0.72%, to Rs 31,171 per 10 gm in a business turnover of 5,4295 lots.

The April delivery fell by Rs 220, or 0.69%, to Rs 31,586 per 10 gm in 240 lots.    

Market analysts attributed the fall in gold futures prices to a weak trend overseas where it fell to a one-week low as some investors indulged in selling after recent rally amid concern about the US budget deadlock.

Besides, fall in spot demand at domestic markets also kept pressure on the precious metal prices, they added.

Meanwhile, gold fell 1% to USD 1,694.35 an ounce in Singapore, the lowest level since December 7.

Read more on:   
|

Read More

Gold futures trade higher on global cues

Gold prices rose marginally by 0.15% to Rs 31,226 per 10 grams in futures trade today as speculators created fresh positions.

Quick Links

 

Market News

Domestic market not showing revival, ceramic units look global

Ceramic industries face reduction in business because of slowdown in real estate sector

Indiabulls Securities pays Rs 1 crore to Sebi to settle allegations

The settlement charges were invoked after the irregularities were found in the company's broking operations

Mid-cap outperformance unlikely to sustain next year

Valuations at present trading at a premium to large-cap stocks

Nifty ends above 8,200 amid firm global cues

ICICI Bank, Infosys, RIL and TCS lead the rally

Markets end higher for second straight session

The Sensex ended higher by 245 points at 27,372 mark and the Nifty gained 66 points at 8,225

Back to Top