 "Gold futures down by 0.5% on global cues")
Gold prices moved down by 0.48% to Rs 28,571 per 10 gram in futures trade today after participants reduced their exposures, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month April eased by Rs 136, or 0.48%, to Rs 28,571 per 10 gm in business turnover of two lots.
Likewise, the metal for delivery in February shed Rs 137, or 0.47%, to Rs 29,068 per 10 gm in 148 lots.
Also Read
Market analysts said a weak trend in the overseas markets as investors await US payrolls figures after economic data boosted speculation the Federal Reserve may start trimming its monetary stimulus sooner than estimated, mainly put pressure on gold futures here.
Globally, gold fell 1.46% to $1,225.10 an ounce in New York in the previous session.
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%