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Gold futures weaken by 0.09% on global cues

Press Trust of India  |  New Delhi 

Taking weak cues from overseas markets, gold prices edged lower by 0.09 per cent to Rs 30,455 per 10 grams in futures trade today after participants cut positions. At the Multi Commodity Exchange, gold for delivery in far-month June was trading lower by Rs 28, or 0.09 per cent to Rs 30,455 per ten grams in business turnover of 16 lots. Likewise, the for delivery in April contracts 12, or 0.04 per cent to Rs 30,320 per ten grams in 549 lots. Analysts said offloading of positions by traders, driven by a weak trend overseas influenced gold prices in futures trade. Meanwhile, Gold prices fell 0.24 per cent to USD 1,319.40 an ounce in today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 13 2018. 11:15 IST