 "Gold futures fall by 0.1% on weak global cues")
Gold futures prices today fell 0.09% to Rs 27,272 per 10 grams as speculators offloaded their positions amid a weak global trend.
At Multi Commodity Exchange, gold prices for delivery in June fell Rs 24, or 0.09%, to Rs 27,272 per 10 grams in business turnover of 266 lots.
Similarly, metal prices for delivery in far-month August declined Rs 14, or 0.05%, to Rs 27,512 per 10 grams in eight lots.
Meanwhile, gold traded lower at$1,208.77 an ounce from$1,207.86 in Singapore in yesterday when prices slumped 1.4%, the most since April 30.
At Multi Commodity Exchange, gold prices for delivery in June fell Rs 24, or 0.09%, to Rs 27,272 per 10 grams in business turnover of 266 lots.
Similarly, metal prices for delivery in far-month August declined Rs 14, or 0.05%, to Rs 27,512 per 10 grams in eight lots.
Also Read
Market analysts said the fall in gold futures is mostly attributed to trimming of positions by speculators, tracking a weak trend overseas before the Federal Reserve releases minutes of its last meeting amid speculation that an improving housing market will boost case for higher interest rates.
Meanwhile, gold traded lower at$1,208.77 an ounce from$1,207.86 in Singapore in yesterday when prices slumped 1.4%, the most since April 30.
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%