 "Gold down 0.1% on weak global cues, low spot demand")
Gold prices fell 0.11% to Rs 26,775 per 10 grams in futures trade today as speculators indulged in trimming positions amid weak cues from global markets and subdued domestic demand.
At the Multi Commodity Exchange, gold for delivery in February eased by Rs 30, or 0.11%, to Rs 26,775 per 10 grams in a business turnover of 23 lots.
Likewise, the metal for delivery in December shed Rs 23, or 0.09%, to Rs 26,580 per 10 grams in 585 lots.
Besides, a weakening trend at the domestic physical market on slackened demand following end of festive season, weighed on the prices, they said.
Globally, gold lost 1.03% to trade USD 1,186.50 an ounce in Singapore today, the lowest since October 6.
At the Multi Commodity Exchange, gold for delivery in February eased by Rs 30, or 0.11%, to Rs 26,775 per 10 grams in a business turnover of 23 lots.
Likewise, the metal for delivery in December shed Rs 23, or 0.09%, to Rs 26,580 per 10 grams in 585 lots.
Also Read
Analysts said a weak trend in overseas markets as the US Federal Reserve ended its asset-purchase programme amid signs of an improving economy, eroding demand for precious metals, put pressure on gold prices at futures trade here.
Besides, a weakening trend at the domestic physical market on slackened demand following end of festive season, weighed on the prices, they said.
Globally, gold lost 1.03% to trade USD 1,186.50 an ounce in Singapore today, the lowest since October 6.
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%