Gold futures weaken by Rs 101 on weak global cues

Image
Press Trust of India New Delhi
Last Updated : Feb 21 2019 | 12:55 PM IST

Gold prices were down by Rs 101 to Rs 33,769 per 10 gram in futures trade Thursday as speculators reduced exposure in tandem with a muted trend in the precious metal overseas.

At the Multi Commodity Exchange, gold for delivery in April traded lower by Rs 101, or 0.3 per cent, at Rs 33,769 per 10 gram in a business turnover of 16,342 lots.

The gold for delivery in far-month June also fell by Rs 105, or 0.31 per cent, to Rs 33,966 per 10 gram in 6,673 lots.

Marketmen said the fall in gold prices at futures trade was mostly due to trimming of positions by participants.

Globally, gold was trading downward by 0.36 per cent at USD 1,338.52 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 21 2019 | 12:55 PM IST

Next Story