 "Gold futures down 0.1% on weak global cues")
Gold prices moved down marginally to Rs 28,331 per 10 gram in futures trade today as participants offloaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in February declined by Rs 33, or 0.11%, to Rs 28,331 per 10 gm in business turnover of 470 lots.
Likewise, the metal for delivery in April shed Rs 21, or 0.10%, to Rs 27,701 per 10 gm in 18 lots.
Globally, gold traded a shade lower at $1,197.20 an ounce in Singapore today.
At the Multi Commodity Exchange, gold for delivery in February declined by Rs 33, or 0.11%, to Rs 28,331 per 10 gm in business turnover of 470 lots.
Likewise, the metal for delivery in April shed Rs 21, or 0.10%, to Rs 27,701 per 10 gm in 18 lots.
Also Read
Market analysts said a weak trend in the overseas markets as US data showing a strengthening economy boosted equities and curbed demand for safe haven assets, mainly put pressure on gold prices at futures trade here.
Globally, gold traded a shade lower at $1,197.20 an ounce in Singapore today.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%