Gold futures down 0.08% on global cues

Image
Press Trust of India New Delhi
Last Updated : Feb 27 2017 | 11:13 AM IST
Gold prices drifted lower by 0.08 per cent to Rs 29,600 per 10 grams in futures trade today as speculators trimmed positions amid weak overseas trend.
At the Multi Commodity Exchange, gold for delivery in April month declined by Rs 23, or 0.08 per cent to Rs 29,600 per 10 grams in business turnover of 401 lots.
Likewise, the metal for delivery in far-month June contracts shed Rs 8, or 0.03 per cent, to Rs 29,646 per 10 gram in 9 lots.
Analysts said, the fall in gold futures was mostly in line with a weak trend overseas.
Globally, gold prices fell 0.09 per cent to USD 1,255.80 an ounce in Singapore.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Feb 27 2017 | 11:13 AM IST

Next Story