Gold futures prices tumbled by 1.43 per cent today on fresh off-loading by speculators in line with a weakening global trend.
Gold for far-month June contract tumbled by 1.43 per cent to Rs 17,320 per ten gram in one lot.
The metal for delivery in April also plunged by 1.08 per cent to 17,282 per ten gram in 186 lots, while February by 1.13 per cent to Rs 17,236 per ten gram in business volume of 6,201 lots.
Marketmen said fresh off-loading by speculators on the back of weakening trend in global markets mainly pulled down gold prices at futures market.
Meanwhile, gold tumbled by $29.30 to $1,128.30 an ounce in New York last night.
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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