 "Gold futures weaken on subdued spot demand, global trend")
Gold futures prices today fell by 0.27 per cent to Rs 28,550 per 10 grams as participants trimmed positions amid subdued demand at domestic spot markets amid weak cues from the global markets.
Besides, subdued demand at domestic spot markets too weighed on the prices.
At the Multi Commodity Exchange, gold for delivery in June, fell by Rs 78, or 0.27 per cent, to trade at Rs 28,550 per 10 grams in a turnover of 498 lots.
Globally, gold shed as much as 0.25 per cent to $1,292.40 an ounce in Singapore.
Analysts said off-loading of positions by speculators on sluggish spot demand and a weak trend overseas, mainly put pressure on gold prices at futures trade here.
Besides, subdued demand at domestic spot markets too weighed on the prices.
At the Multi Commodity Exchange, gold for delivery in June, fell by Rs 78, or 0.27 per cent, to trade at Rs 28,550 per 10 grams in a turnover of 498 lots.
Also Read
August gold shed Rs 66, or 0.24 per cent, to Rs 27,900 per 10 gm in 13 lots.
Globally, gold shed as much as 0.25 per cent to $1,292.40 an ounce in Singapore.
Analysts said off-loading of positions by speculators on sluggish spot demand and a weak trend overseas, mainly put pressure on gold prices at futures trade here.
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%