 "Gold futures down on global cues")
Gold prices moved down by 0.67% to Rs 26,133 per 10 gm in futures trade today after participants reduced positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in June eased by Rs 177, or 0.67%, to Rs 26,133 per 10 gm after dipping to Rs 26,102 in business turnover of 2,426 lots.
Likewise, the metal for delivery in far-month August fell Rs 175, or 0.66%, to Rs 26,267 per 10 gm after dropping to Rs 26,236 in 174 lots.
Besides, a subdued trend on the domestic spot markets due to slackened demand weighed on prices, they said.
Globally, gold fell 0.4% to $1,387.30 an ounce, its lowest since April 19 in Singapore today.
At the Multi Commodity Exchange, gold for delivery in June eased by Rs 177, or 0.67%, to Rs 26,133 per 10 gm after dipping to Rs 26,102 in business turnover of 2,426 lots.
Likewise, the metal for delivery in far-month August fell Rs 175, or 0.66%, to Rs 26,267 per 10 gm after dropping to Rs 26,236 in 174 lots.
Also Read
Market analysts said a weak trend in the overseas markets on signs that investment demand is waning as US equities rally to records and dollar strengthening, mainly put pressure on gold futures here.
Besides, a subdued trend on the domestic spot markets due to slackened demand weighed on prices, they said.
Globally, gold fell 0.4% to $1,387.30 an ounce, its lowest since April 19 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%