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

Read more on:    Mcx | Gold Futures
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

Copper no longer metals' bellwether

Price moves in isolation, follows Chinese economy now as against global economies earlier

Oil at 6-week high on Ukraine crisis

West Texas Intermediate crude advanced to a six-week high amid concern that the crisis in Ukraine is escalating. Brent's gains were limited by ...

Today's picks

Nifty, Bank Nifty, BHEL & Infosys

Index slumps 207 points

The BSE Sensex and the Nifty on Wednesday fell to their lowest close in 2-1/2 weeks, as software stocks slumped on caution ahead of Tata ...

Govt raises import tariff value on gold, silver

The increase in tariff value on imported gold and silver has been notified by the Central Board of Excise and Customs

Back to Top