 "Gold falls Rs 73 in futures trade")
Gold prices fell Rs 73 to Rs 29,427 per 10 grams in futures trade Saturday as participants reduced their positions even as metal strengthened overseas.
At Multi Commodity Exchange, gold for delivery in April contract was trading lower by Rs 73 or 0.25% at Rs 29,427 per 10 grams in a business turnover of 603 lots.
Also, the metal for delivery in far-month June shed Rs 62 or 0.21% to Rs 29,731 per 10 grams in 6 lots.
Analysts said trimming of positions at prevailing levels by speculators led to the fall in gold prices at futures trade but a firming trend overseas, capped the losses.
Globally, gold fell 0.6% to $1,256.88 an ounce in Singapore.
At Multi Commodity Exchange, gold for delivery in April contract was trading lower by Rs 73 or 0.25% at Rs 29,427 per 10 grams in a business turnover of 603 lots.
Read more from our special coverage on "GOLD"
Also, the metal for delivery in far-month June shed Rs 62 or 0.21% to Rs 29,731 per 10 grams in 6 lots.
Analysts said trimming of positions at prevailing levels by speculators led to the fall in gold prices at futures trade but a firming trend overseas, capped the losses.
Globally, gold fell 0.6% to $1,256.88 an ounce in Singapore.
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%