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.

Recommended for you

Advertisements

Quick Links

Market News

Akzo Nobel gains as net profit rises to 88%

The company posted 87.85% jump in net profit at Rs 50.74 crore for the quarter ended Dec 31, 2014

Sensex below 29,300; financials crack

Sensex is down over 403 points at 29,278 and the 50-share Nifty is down 112 points at 8,840

SKS Microfinance gains on strong Q3 earnings

The company net profit in Q3FY15 is around 92% higher than the same quarter last fiscal

Dr Reddy's Labs slumps on disappointing Q3 numbers

The stock opened at Rs 3,365 and touched a low of Rs 3,200 on the BSE

ICRA gains after Q3 net up 21%

Net profit for the quarter ended December 2014 was up 21% at Rs 18 crore helped by strong growth in other income.

 

Back to Top